Megan A. Morgan - Feb 22, 2022 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: VP-HR & CHRO
Signature: /s/ Richard S. Smith, Jr., Power of Attorney for Ms. Morgan
Stock symbol: KAMN
Transactions as of: Feb 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/24/2022, 01:21 PM
Previous filing: Feb 11, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Award	$0	+1.05K	+36.21%	$0.00	3.93K	Feb 22, 2022	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
transaction	KAMN	Performance-Based Restricted Stock Unit	Award	$0	+3.13K		$0.00	3.13K	Feb 22, 2022	Kaman Common Stock	3.13K	$0.00	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						2.06K	Feb 22, 2022	Kaman Common Stock	2.06K	$0.00	Direct	F3
holding	KAMN	Stock Options (Right to Buy)						3.98K	Feb 22, 2022	Kaman Common Stock	3.98K	$64.48	Direct	F4
holding	KAMN	Stock Options (Right to Buy)						3.68K	Feb 22, 2022	Kaman Common Stock	3.68K	$61.02	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award granted under the Kaman Corporation Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Restrictions lapse at the rate of 33 1/3% per year, beginning March 1 of the year following the grant date.
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, 2024. 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.
F3	Represents a PSU 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.
F4	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.