Rebecca F. Stath - Feb 22, 2022 Form 4 Insider Report for KAMAN Corp (KAMN)

Role
VP & Controller
Signature
/s/ Richard S. Smith, Jr., Power of Attorney for Ms. Stath
Stock symbol
KAMN
Transactions as of
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 01:24 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 +1.53K +92.63% $0.00 3.18K Feb 22, 2022 Direct F1, F2
transaction KAMN Kaman Common Stock Award $0 +1.27K +39.76% $0.00 4.45K 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 +1.53K $0.00 1.53K Feb 22, 2022 Kaman Common Stock 1.53K $0.00 Direct F3
holding KAMN Performance-Based Restricted Stock Unit 980 Feb 22, 2022 Kaman Common Stock 980 $0.00 Direct F4
holding KAMN Stock Options (Right to Buy) 1.54K Feb 22, 2022 Kaman Common Stock 1.54K $64.48 Direct F5
holding KAMN Stock Options (Right to Buy) 1.42K Feb 22, 2022 Kaman Common Stock 1.42K $61.02 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 3.4335 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/24/2022.
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, 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.