DARLENE RUTH SMITH - 31 Dec 2021 Form 5 Insider Report for KAMAN Corp

Role: President KAV and KPP
Signature: /s/ Richard S. Smith, Jr. Power of Attorney for Ms. Smith
Issuer symbol: N/A
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 5
Filing time: 11 Feb 2022, 14:17:43 UTC
Next filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAMN	Kaman Common Stock						2,641	31 Dec 2021	Direct	F1

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	KAMN	Stock Options (Right to Buy)						655	31 Dec 2021	Kaman Common Stock	655	$39.54	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						1,514	31 Dec 2021	Kaman Common Stock	1,514	$42.86	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						2,265	31 Dec 2021	Kaman Common Stock	2,265	$51.97	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						3,390	31 Dec 2021	Kaman Common Stock	3,390	$62.46	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						3,140	31 Dec 2021	Kaman Common Stock	3,140	$61.02	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						3,385	31 Dec 2021	Kaman Common Stock	3,385	$64.48	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						1,370	31 Dec 2021	Kaman Common Stock	1,370	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes the acquisition of 8.1794 shares under the Corporation's Employee Stock Purchase Plan, a Rule 16(b)-3 qualified plan, through 12/31/2021.
F2	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.
F3	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.