X0306 4 2017-03-08 0 0000886346 KADANT INC KAI 0001251663 MCKENNEY MICHAEL J KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD MA 01886 0 1 0 0 SR. VICE PRESIDENT & CFO Common Stock 15023.009 D Restricted Stock Unit 0.0 2017-03-08 4 A 0 2730 0 A 2020-04-30 Common Stock 2730.0 2730 D Restricted Stock Unit 0.0 2017-03-08 4 A 0 683 0 A 2020-04-30 Common Stock 683.0 683 D Includes 615 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2016. Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests and is distributable in three equal installations beginning on March 10, 2018, provided that the Issuer meets certain performance requirements for fiscal 2017 and the reporting person is employed by the issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount. This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2018, provided the reporting person is employed by the Issuer on the vesting date. by Melodie T. Morin for Michael J. McKenney 2017-03-10