Richard S. Smith Jr - Dec 5, 2023 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: SVP GEN COUNSEL & SECRETARY
Signature: /s/ Richard S. Smith, Jr.
Stock symbol: KAMN
Transactions as of: Dec 5, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/6/2023, 03:08 PM
Previous filing: Feb 23, 2023
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Award	$0	+9.97K	+53.11%	$0.00	28.7K	Dec 5, 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
holding	KAMN	Performance-Based Restricted Stock Unit						13K	Dec 5, 2023	Kaman Common Stock	13K	$0.00	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						2.12K	Dec 5, 2023	Kaman Common Stock	2.12K	$0.00	Direct	F3
holding	KAMN	Performance-Based Restricted Stock Unit						1.45K	Dec 5, 2023	Kaman Common Stock	1.45K	$0.00	Direct	F4
holding	KAMN	Stock Options (Right to buy)						7.64K	Dec 5, 2023	Kaman Common Stock	7.64K	$64.48	Direct	F5
holding	KAMN	Stock Options (Right to buy)						7.05K	Dec 5, 2023	Kaman Common Stock	7.05K	$61.02	Direct	F5
holding	KAMN	Stock Options (Right to buy)						7.58K	Dec 5, 2023	Kaman Common Stock	7.58K	$62.46	Direct	F5
holding	KAMN	Stock Options (Right to buy)						8.43K	Dec 5, 2023	Kaman Common Stock	8.43K	$51.97	Direct	F5
holding	KAMN	Stock Options (Right to buy)						8.1K	Dec 5, 2023	Kaman Common Stock	8.1K	$42.86	Direct	F5
holding	KAMN	Stock Options (Right to buy)						4.31K	Dec 5, 2023	Kaman Common Stock	4.31K	$39.54	Direct	F5
holding	KAMN	Stock Options (Right to buy)						3.34K	Dec 5, 2023	Kaman Common Stock	3.34K	$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 Second Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Restrictions lapse 3 years following the grant date on December 5, 2026, subject to certain accelerated vesting provisions.
F2	Represents performance-based restricted share units ("PSUs") granted under the Second 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.