SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

OSTERMAN JAMES S

(Last)

(First)

(Middle)

4909 SE INTERNATIONAL WAY

(Street)

PORTLAND

97222

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BLOUNT INTERNATIONAL INC [ BLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/22/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	03/19/2010		S		7,300⁽²⁾	D	$10.64	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Awards and Units⁽⁴⁾	$0	03/19/2010		S⁽²⁾			79,121	03/19/2010	⁽³⁾	Common Stock	79,121	$10.64	332,785⁽⁵⁾	D

Explanation of Responses:

1. In connection with merger of Red Dog Acquistion Corp. into Blount International on August 19, 1999, all outstanding stock options were cancelled and stread between exercise price and $30 was paid in cash and stock to employee.

2. Open market sale through broker.

3. A Restricted Stock unit is an unsecured promise to transfer a share at a specified future date. The shares do not have an expiration date.

4. The Restricted Stock Award was granted under the 2006 Equity Incentive Plan approved by shareholders on April 25, 2006.

5. Broker assisted sale consisted of the sale of 79,121 RSU shares and 7,300 from Open market and 1999 acquired shares sold at $10.64/share.

Remarks:

Purchase Date Closing Date Quantity Open Unit Cost Opening Value Closing Unit Cost Closing Value Realized Gain/Loss %G/L Closing Method Term 02/01/96 03/18/10 588.000 11.880 8,783.25 10.572 6,213.24 -2,570.01 -29.3% FIFO Long 01/30/97 03/18/10 588.000 14.930 8,783.25 10.572 6,213.24 -2,570.01 -29.3% FIFO Long 08/18/99 03/19/10 2,300.000 15.000 34,500.00 10.642 24,465.57 -10,034.43 -29.1% FIFO Long 08/18/99 03/18/10 40,324.000 15.000 604,860.00 10.572 426,093.18 -178,766.82 -29.6% FIFO Long 09/17/04 03/19/10 5,000.000 11.880 59,440.00 10.642 53,186.02 -6,253.98 -10.5% FIFO Long 01/04/10 03/19/10 79,121.000 0.000 N/A 10.642 841,626.22 N/A N/A FIFO Short TOTAL 127,921.000 N/A 1,357,797.47 -200,195.25 N/A N/A - Total realized G/L does not include lots with no cost basis.

	Richard H. Irving, III	03/22/2010
	** Signature of Reporting Person	Date
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