X0306 4 2014-03-05 0 0000886346 KADANT INC KAI 0001251663 MCKENNEY MICHAEL J KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD MA 01886 0 1 0 0 VICE PRESIDENT, FINANCE & CAO Common Stock 8498.009 D Restricted Stock Unit 0. 2014-03-05 4 A 0 2830 0. A 2017-03-10 Common Stock 2830 2830 D Restricted Stock Unit 0. 2014-03-05 4 A 0 707 0. A 2017-03-10 Common Stock 707 707 D Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests in three equal annual installations beginning on March 10, 2015, provided that the Issuer meets certain performance requirements for fiscal 2014 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 equal annual installments beginning on March 10, 2015, provided the reporting person is employed by the Issuer on the vesting date. Includes 943 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2013. by Sandra L. Lambert for Michael J. McKenney 2014-03-07