X0202 4 2006-05-12 0 0000740694 KAYDON CORP KDN 0001180831 SULLIVAN THOMAS C 2628 PEARL ROAD MEDINA OH 44256 1 0 0 0 Common Stock 2006-05-12 4 A 0 1000 0.00 A 9000 D Stock Option (right to buy) 41.59 2006-05-12 4 A 0 3500 0.00 A 2007-05-12 2016-05-12 Common Stock 3500 3500 D Restricted stock grant. Restrictions lapse as to 20% of the shares on each January 5, beginning with January 5, 2007. Includes 2,800 shares subject to restrictions and forfeiture. The option is exercisable in annual installments on a cumulative basis. On the first anniversary date of the grant date, the option becomes exercisable with respect to 700 shares of Common Stock. On each anniversary date thereafter, the option becomes exercisable with respect to an additional 700 shares of Common Stock with the result that the option will be exercisable with respect to all 3,500 shares of Common Stock on the fifth anniversary date of the grant date. Exercisability may be accelerated in the event of the reporting person's termination of service due to death or death following a termination of service. The option will terminate on the first to occur of (a) the tenth anniversary of the grant date, (b) one month after the reporting person's termination of service for any reason other than death, disablility or retirement from the Board of Directors, or (c) five years from the date of the reporting person's death (whether before or after a termination of service). Thomas C. Sullivan, by John F. Brocci, Attorney-in-fact 2006-05-31