X0303 4 2011-03-18 0001001606 BLOUNT INTERNATIONAL INC BLT 0001241082 SAITO KENNETH O 4909 SE INTERNATIONAL WAY PORTLAND OR 97222 0 1 0 0 Sr. VP - Manufact. & Oper. Restricted Stock Unit Award 0 2011-03-18 4 F 0 749 0 D Common Stock 749 306887 D The Restricted Stock Unit Award shall vest in three equal annual installments, the first vests one year after date of grant and the second and third vest thereafter on the second and third anniversaries of the date of grant, respectfully. If grantee's employment with the Company is terminated by his retirement, all outstanding unvested Restricted Stock shall immediately vest. A Restricted Stock Unit Award is an unsecured promise to transfer a share at a specified future date. The shares do not have an expiration date. Richard H. Irving, III 2011-03-18