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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Appreciation Rights (SAR) | $ 9.9 | (2) | (2) | Kaman Common Stock | 20,400 | 20,400 | D | ||||||||
| Stock Appreciation Rights (SAR) | $ 14.5 | (2) | (2) | Kaman Common Stock | 5,800 | 5,800 | D | ||||||||
| Stock Options (Right to buy) | $ 11.495 | (2) | (2) | Kaman Common Stock | 30,000 | 30,000 | D | ||||||||
| Stock Options (Right to buy) | $ 14.5 | (2) | (2) | Kaman Common Stock | 2,935 | 2,935 | D | ||||||||
| Stock Options (Right to buy) | $ 16.3125 | (2) | (2) | Kaman Common Stock | 1,261 | 1,261 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| GARNEAU ROBERT M 47 BITTERSWEET LANE SOUTH GLASTONBURY, CT 060730000 |
Executive VP and CFO | |||
| Robert M Garneau | 02/23/2007 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents a restricted stock award under the Corporation's 16b-3 qualified 2003 Stock Incentive Plan. The reporting person was not made aware of the rate at which restrictions lapse until February 21, 2007. The restricted stock award is subject to forfeiture by the reporting person until vesting, which shall occur on the first anniversary of the appointment of a permanent successor to the Company's President, but in no event later than February 28, 2009. Additionally, the restricted stock will vest if the reporting person's employment with or other service to the Company terminates before February 28, 2009 because of his death, "disability" (as defined in Company's 2003 Stock Incentive Plan) or in a manner that entitles him to severance payments under either his Employment Agreement or his Change in Control Agreement with the Company as a result of the termination of his employment by the Company without cause or by him for good reason. |
| (2) | Exercisable at the rate of 20% per year, beginning one year after grant date; expires ten (10) years after grant. All options and stock appreciation rights are issued under the Corporation's 16b-3 qualified Stock Incentive Plan, including options issued under predecessor plan. 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. |