DARLENE RUTH SMITH - 22 Feb 2022 Form 4 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: 22 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 24 Feb 2022, 13:23:41 UTC
Previous filing: 10 Jan 2022
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Award	$0	+1,945	+73%	$0.000000	4,600	22 Feb 2022	Direct	F1, F2

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	+1,945		$0.000000	1,945	22 Feb 2022	Kaman Common Stock	1,945	$0.000000	Direct	F3
holding	KAMN	Performance-Based Restricted Stock Unit						1,370	22 Feb 2022	Kaman Common Stock	1,370	$0.000000	Direct	F4
holding	KAMN	Stock Options (Right to Buy)						655	22 Feb 2022	Kaman Common Stock	655	$39.54	Direct	F5
holding	KAMN	Stock Options (Right to Buy)						1,514	22 Feb 2022	Kaman Common Stock	1,514	$42.86	Direct	F5
holding	KAMN	Stock Options (Right to Buy)						2,265	22 Feb 2022	Kaman Common Stock	2,265	$51.97	Direct	F5
holding	KAMN	Stock Options (Right to Buy)						3,390	22 Feb 2022	Kaman Common Stock	3,390	$62.46	Direct	F5
holding	KAMN	Stock Options (Right to Buy)						3,140	22 Feb 2022	Kaman Common Stock	3,140	$61.02	Direct	F5
holding	KAMN	Stock Options (Right to Buy)						3,385	22 Feb 2022	Kaman Common Stock	3,385	$64.48	Direct	F5

* 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	Includes the acquisition of 13.8869 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/24/2022.
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, 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.
F4	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.
F5	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.