Richard Stanley Smith Jr. - 21 Feb 2023 Form 4 Insider Report for KAMAN Corp

Role: SVP GEN COUNSEL & SECRETARY
Signature: /s/ Richard S. Smith, Jr.
Issuer symbol: N/A
Transactions as of: 21 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2023, 11:59:35 UTC
Previous filing: 30 Jan 2023
Next filing: 06 Dec 2023
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	+4,330	+30%	$0.000000	18,775	21 Feb 2023	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	+12,995		$0.000000	12,995	21 Feb 2023	Kaman Common Stock	12,995	$0.000000	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						2,120	21 Feb 2023	Kaman Common Stock	2,120	$0.000000	Direct	F3
holding	KAMN	Performance-Based Restricted Stock Unit						1,450	21 Feb 2023	Kaman Common Stock	1,450	$0.000000	Direct	F4
holding	KAMN	Stock Options (Right to buy)						7,635	21 Feb 2023	Kaman Common Stock	7,635	$64.48	Direct	F5
holding	KAMN	Stock Options (Right to buy)						7,045	21 Feb 2023	Kaman Common Stock	7,045	$61.02	Direct	F5
holding	KAMN	Stock Options (Right to buy)						7,575	21 Feb 2023	Kaman Common Stock	7,575	$62.46	Direct	F5
holding	KAMN	Stock Options (Right to buy)						8,430	21 Feb 2023	Kaman Common Stock	8,430	$51.97	Direct	F5
holding	KAMN	Stock Options (Right to buy)						8,095	21 Feb 2023	Kaman Common Stock	8,095	$42.86	Direct	F5
holding	KAMN	Stock Options (Right to buy)						4,310	21 Feb 2023	Kaman Common Stock	4,310	$39.54	Direct	F5
holding	KAMN	Stock Options (Right to buy)						3,340	21 Feb 2023	Kaman Common Stock	3,340	$39.22	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	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, 2025. 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 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 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.
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.