Darlene Ruth Smith - Dec 31, 2021 Form 3 Insider Report for KAMAN Corp (KAMN)

Role: President KAV and KPP
Signature: /s/ Darlene R. Smith
Stock symbol: KAMN
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 3
Date filed: 1/10/2022, 03:38 PM
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAMN	Kaman Common Stock						2.63K	Dec 31, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	655	$39.54	Direct	F1
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	1.51K	$42.86	Direct	F1
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	2.27K	$51.97	Direct	F1
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	3.39K	$62.46	Direct	F1
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	3.14K	$61.02	Direct	F1
holding	KAMN	Stock Options (Right to Buy)	Dec 31, 2021	Kaman Common Stock	3.39K	$64.48	Direct	F1
holding	KAMN	Performance-Based Restricted Stock Unit	Dec 31, 2021	Kaman Common Stock	1.37K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Exercisable at the rate of 20% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.
F2	Represents performance-based restricted share units ("PSUs") granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.

Content

Exercisable at the rate of 20% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.

Represents performance-based restricted share units ("PSUs") granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.