UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Unit (1) | Â (2) | 01/01/2011 | Common Stock | 1,250 (2) | $ 0 | D | Â |
Restricted Stock Unit (1) | Â (3) | 04/04/2015 | Common Stock | 10,000 (3) | $ 0 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tully William P KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD, MA 01886 |
 X |  |  |  |
Sandra L. Lambert for William P. Tully | 12/14/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. |
(2) | This RSU was granted on December 8, 2010 upon the appointment of the recipient as a director of the Issuer. The RSU vests on 1/1/2011, provided that the reporting person remains a director of the Issuer through the vesting date. |
(3) | This RSU was granted on December 8, 2010 upon the appointment of the recipient as a director of the Issuer. The RSU vests only upon a change in control of the Issuer that occurs prior to the last day of the Issuer's first quarter of fiscal 2015. The RSU is forfeited in the event the recipient ceases to be a director of the Issuer for any reason other than a change in control prior to the RSU expiration date. |