FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 07/29/2003 |
3. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC [ KMT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 3,612.359 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (1) | 04/18/2009 | Common Stock | 3,000 | $23.9375 | D | |
Employee Stock Option (right to buy) | (2) | 07/23/2010 | Common Stock | 2,000 | $24.4688 | D | |
Employee Stock Option (right to buy) | (3) | 01/31/2010 | Common Stock | 2,000 | $26.4062 | D | |
Employee Stock Option (right to buy) | (4) | 07/22/2012 | Common Stock | 2,000 | $29.805 | D | |
Employee Stock Option (right to buy) | (5) | 07/16/2012 | Common Stock | 1,000 | $32.17 | D | |
Employee Stock Option (right to buy) | (6) | 07/30/2011 | Common Stock | 2,000 | $38.435 | D | |
Employee Stock Option (right to buy) | (7) | 05/08/2012 | Common Stock | 2,000 | $40.685 | D | |
Stock Credits | (8) | (9) | Common Stock | 757.8583 | $0 | D |
Explanation of Responses: |
1. The option became exercisable on 4/19/1999. |
2. The option became exercisable in three annual installments, commencing on July 24, 2001. |
3. The option became exercisable on 2/1/2001. |
4. The option became exercisable as to 667 shares on July 23, 2003 and becomes exercisable as to 667 shares on July 23, 2004 and 666 shares on July 23, 2005. |
5. The option became exercisable as to 334 shares on July 17, 2003 and becomes exercisable as to the remaining 666 shares in equal installments on July 17, 2004 and July 17, 2005. |
6. The option became exercisable as to 667 shares on July 31, 2002 and 667 shares on July 31, 2003 and becomes exercisable as to the remaining 666 on July 31, 2004. |
7. The option became exercisable as to 667 shares on May 9, 2003 and becomes exercisable as to 667 shares on May 9, 2004 and 666 shares on May 9, 2005. |
8. Under the Kennametal Inc. Performance Bonus Stock Plan of 1995 ("Plan"): (i) Capital Stock shall be substituted for the Stock Credits (a) in the event of any actual or threatened change in control of the company, or (b) as soon as practicable, following the date that such officer ceases (other than by reason of death) to be an officer ("retirement"); (ii) an officer may elect to receive the Capital Stock represented by the Stock Credits in monthly or annual installments following retirement; and (c) in the event of the death of the officer, the Stock Credit account to which he or she was entitled shall be converted to cash and distributed in a lump sum to such person(s) or the survivors thereof. |
9. Under the Kennametal Inc. Performance Bonus Stock Plan of 1995 ("Plan"): (i) Capital Stock shall be substituted for the Stock Credits (a) in the event of any actual or threatened change in control of the company, or (b) as soon as practicable, following the date that such officer ceases (other than by reason of death) to be an officer ("retirement"); (ii) an officer may elect to receive the Capital Stock represented by the Stock Credits in monthly or annual installments following retirement; and (c) in the event of the death of the officer, the Stock Credit account to which he or she was entitled shall be converted to cash and distributed in a lump sum to such person(s) or the survivors thereof. |
Remarks: |
On July 29, 2003 pusuant to the Kennametal Inc. Stock Option and Incentive Plan of 1992, the Company granted the reporting person stock options to purchase 5,000 shares of the Company's common stock and an award of 2,000 shares of restricted stock. The Company timely filed a Form 4 to report the transactions, but omitted stock options to purchase 2,500 shares of the Company's common stock. Exhibit List Exhibit 24 - Power of Attorney |
By: David W. Greenfield For: Lawrence J. Lanza | 08/07/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |