<SEC-DOCUMENT>0001085146-15-000477.txt : 20150213
<SEC-HEADER>0001085146-15-000477.hdr.sgml : 20150213
<ACCEPTANCE-DATETIME>20150212183315
ACCESSION NUMBER:		0001085146-15-000477
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150213
DATE AS OF CHANGE:		20150212

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KADANT INC
		CENTRAL INDEX KEY:			0000886346
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
		IRS NUMBER:				521762325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0103

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-51121
		FILM NUMBER:		15608222

	BUSINESS ADDRESS:	
		STREET 1:		ONE TECHNOLOGY PARK DRIVE
		CITY:			WESTFORD
		STATE:			MA
		ZIP:			01886
		BUSINESS PHONE:		(978) 776-2000

	MAIL ADDRESS:	
		STREET 1:		ONE TECHNOLOGY PARK DRIVE
		CITY:			WESTFORD
		STATE:			MA
		ZIP:			01886

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	THERMO FIBERTEK INC
		DATE OF NAME CHANGE:	19930328

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN ADVISORY INC
		CENTRAL INDEX KEY:			0001345929
		IRS NUMBER:				522112409
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		901 SOUTH BOND STREET
		STREET 2:		SUITE #400
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21231
		BUSINESS PHONE:		410-537-5400

	MAIL ADDRESS:	
		STREET 1:		901 SOUTH BOND STREET
		STREET 2:		SUITE #400
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21231

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROWN ADVISORY HOLDINGS INC
		DATE OF NAME CHANGE:	20051202
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>kaia1_21115.htm
<DESCRIPTION>BROWN ADVISORY INCORPORATED
<TEXT>
<html>
  <head>
    <title></title>
  </head>
  <body>
          <div id="body">
        <div class="form">
          <div class="form">
            <div class="form13G">
              <div style="width:900px;text-align:center !important;font-family:Georgia,'Times New Roman',Times,serif;margin:20px 0px 20px 0px !important;border-bottom:3px solid gray;">
                <h3 style="font-weight:bold;margin:0px !important;padding:0px !important;font-size:16px;">UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION</h3>
                                  <b>Washington, D.C.  20549</b>
                                <h3 style="margin:20px 0px 20px 0px !important;">SCHEDULE 13G</h3>
                <p style="font-weight:bold">
		Under the Securities Exchange Act of 1934
		(Amendment No. 1)*</p>
                <p>
                                      <b>Kadant, Inc.</b>
                  		(Name of Issuer)
	</p>
                <p>(Title of Class of Securities)
	</p>
                <p>
                                      <b>48282T104</b>
                  		(CUSIP Number)
	</p>
                <p>
                                      <b>December 31, 2014</b>
                  		(Date of Event which Requires Filing of this Statement)
	</p>
                <p style="text-align:left;">
		Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
	</p>
                <p>
		[X]&nbsp;Rule 13d-1(b)		[&nbsp;&nbsp;&nbsp;]&nbsp;Rule 13d-1(c)		[&nbsp;&nbsp;&nbsp;]&nbsp;Rule 13d-1(d)</p>
                <p style="text-align:left;">
		* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the
		subject class of securities, and for any subsequent amendment containing information which would alter the disclosures
		provided in a prior cover page.
	</p>
                <p style="text-align:left;margin-bottom:10px">
		The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of
		the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject
		to all other provisions of the Act (however, see Instructions).
	</p>
              </div>
              <div id="ctl00_cp_personListSubmit_ctrl0_itm" class="pageBreak">
                <div style="font-family:Georgia,'Times New Roman',Times,serif;width:900px;border-bottom:3px solid gray;margin:0px 0px 0px 0px;">
                  <div style="width:160px;border:solid 1px #000;margin-bottom:10px;display:inline-block;padding:5px 20px 5px 20px;white-space:nowrap;font-weight:bold;font-size:14px;">
	CUSIP No.: 48282T104
</div>
                  <table cellpadding="5" cellspacing="0" style="margin-bottom:10px;border:1px solid black;Width:100%">
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000;padding:0px auto 0px auto">1</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			NAME OF REPORTING PERSON
			Brown Advisory Incorporated ("BA, Inc.")

			I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
			52-2112409
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">2</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
			(a)&nbsp; [&nbsp;&nbsp;&nbsp;]
			(b)&nbsp; [&nbsp;&nbsp;&nbsp;]
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">3</td>
                      <td colspan="3" style="border-bottom:1px solid #000">SEC USE ONLY&nbsp;</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">4</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CITIZENSHIP OR PLACE OF ORGANIZATION
			BA, Inc. is a Maryland Corporation
		</td>
                    </tr>
                    <tr>
                      <td colspan="2" rowspan="4" class="text" style="width:140px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">
			NUMBER OF SHARES
			BENEFICIALLY OWNED
			BY EACH REPORTING
			PERSON WITH
		</td>
                      <td colspan="1" style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">5</td>
                      <td colspan="1" style="border-bottom:1px solid #000">
			SOLE VOTING POWER
			705,851
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">6</td>
                      <td style="border-bottom:1px solid #000">
			SHARED VOTING POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">7</td>
                      <td style="border-bottom:1px solid #000">
			SOLE DISPOSITIVE POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">8</td>
                      <td style="border-bottom:1px solid #000">
			SHARED DISPOSITIVE POWER
			711,811
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">9</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
			711,811
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">10</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
			[]
			</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">11</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
			6.54%
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;">12</td>
                      <td colspan="3">
			TYPE OF REPORTING PERSON
			HC (Holding Company)
		</td>
                    </tr>
                  </table>
                </div>
              </div>
              <div id="ctl00_cp_personListSubmit_ctrl1_itm" class="pageBreak">
                <div style="font-family:Georgia,'Times New Roman',Times,serif;width:900px;border-bottom:3px solid gray;margin:0px 0px 0px 0px;">
                  <div style="width:160px;border:solid 1px #000;margin-bottom:10px;display:inline-block;padding:5px 20px 5px 20px;white-space:nowrap;font-weight:bold;font-size:14px;">
	CUSIP No.: 48282T104
</div>
                  <table cellpadding="5" cellspacing="0" style="margin-bottom:10px;border:1px solid black;Width:100%">
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000;padding:0px auto 0px auto">1</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			NAME OF REPORTING PERSON
			Brown Advisory, LLC ("BA, LLC")

			I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
			26-0680642
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">2</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
			(a)&nbsp; [&nbsp;&nbsp;&nbsp;]
			(b)&nbsp; [&nbsp;&nbsp;&nbsp;]
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">3</td>
                      <td colspan="3" style="border-bottom:1px solid #000">SEC USE ONLY&nbsp;</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">4</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CITIZENSHIP OR PLACE OF ORGANIZATION
			BA,LLC is a Maryland Company
		</td>
                    </tr>
                    <tr>
                      <td colspan="2" rowspan="4" class="text" style="width:140px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">
			NUMBER OF SHARES
			BENEFICIALLY OWNED
			BY EACH REPORTING
			PERSON WITH
		</td>
                      <td colspan="1" style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">5</td>
                      <td colspan="1" style="border-bottom:1px solid #000">
			SOLE VOTING POWER
			684,616
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">6</td>
                      <td style="border-bottom:1px solid #000">
			SHARED VOTING POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">7</td>
                      <td style="border-bottom:1px solid #000">
			SOLE DISPOSITIVE POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">8</td>
                      <td style="border-bottom:1px solid #000">
			SHARED DISPOSITIVE POWER
			690,171
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">9</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
			690,171
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">10</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
			[]
			</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">11</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
			6.34%
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;">12</td>
                      <td colspan="3">
			TYPE OF REPORTING PERSON
			IA (Investment Advisor)
		</td>
                    </tr>
                  </table>
                </div>
              </div>
              <div id="ctl00_cp_personListSubmit_ctrl2_itm" class="pageBreak">
                <div style="font-family:Georgia,'Times New Roman',Times,serif;width:900px;border-bottom:3px solid gray;margin:0px 0px 0px 0px;">
                  <div style="width:160px;border:solid 1px #000;margin-bottom:10px;display:inline-block;padding:5px 20px 5px 20px;white-space:nowrap;font-weight:bold;font-size:14px;">
	CUSIP No.: 48282T104
</div>
                  <table cellpadding="5" cellspacing="0" style="margin-bottom:10px;border:1px solid black;Width:100%">
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000;padding:0px auto 0px auto">1</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			NAME OF REPORTING PERSON
			Brown Investment Advisory &amp; Trust Company ("BIATC")

			I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
			52-1811121
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">2</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
			(a)&nbsp; [&nbsp;&nbsp;&nbsp;]
			(b)&nbsp; [&nbsp;&nbsp;&nbsp;]
		</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">3</td>
                      <td colspan="3" style="border-bottom:1px solid #000">SEC USE ONLY&nbsp;</td>
                    </tr>
                    <tr>
                      <td colspan="1" style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">4</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CITIZENSHIP OR PLACE OF ORGANIZATION
			BIATC is a Maryland Company
		</td>
                    </tr>
                    <tr>
                      <td colspan="2" rowspan="4" class="text" style="width:140px;text-align:center;border-right:1px solid #000;border-bottom:1px solid #000">
			NUMBER OF SHARES
			BENEFICIALLY OWNED
			BY EACH REPORTING
			PERSON WITH
		</td>
                      <td colspan="1" style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">5</td>
                      <td colspan="1" style="border-bottom:1px solid #000">
			SOLE VOTING POWER
			21,235
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">6</td>
                      <td style="border-bottom:1px solid #000">
			SHARED VOTING POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">7</td>
                      <td style="border-bottom:1px solid #000">
			SOLE DISPOSITIVE POWER
			0
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">8</td>
                      <td style="border-bottom:1px solid #000">
			SHARED DISPOSITIVE POWER
			21,640
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">9</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
			21,640
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">10</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
			[]
			</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;border-bottom:1px solid #000">11</td>
                      <td colspan="3" style="border-bottom:1px solid #000">
			PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
			0.2%
		</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;width:90px;text-align:center;border-right:1px solid black;">12</td>
                      <td colspan="3">
			TYPE OF REPORTING PERSON
			BK (Bank)
		</td>
                    </tr>
                  </table>
                </div>
              </div>
              <div class="pageBreak" style="border-bottom:none;">
                <div style="font-family:Georgia,'Times New Roman',Times,serif;width:900px;margin:0px 0px 20px 0px;">
                  <div style="width:160px;border:solid 1px #000;margin-bottom:10px;display:inline-block;padding:5px 20px 5px 20px;white-space:nowrap;font-weight:bold;font-size:14px;">
		CUSIP No.: 48282T104
	</div>
                  <table cellpadding="2" cellspacing="0" border="0">
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 1(a).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">NAME OF ISSUER:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">Kadant, Inc.</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 1(b).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">ONE TECHNOLOGY PARK DRIVE WESTFORD MA 01886 </td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 2(a).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">NAME OF PERSON FILING:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">Brown Advisory Incorporated ("BA, Inc.")Brown Advisory, LLC ("BA, LLC")Brown Investment Advisory &amp; Trust Company ("BIATC")</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 2(b).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">901 South Bond Street, Ste. 400Baltimore, MD  21231</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 2(c).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">CITIZENSHIP:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">Brown Advisory Incorporated ("BA, Inc.") - BA, Inc. is a Maryland CorporationBrown Advisory, LLC ("BA, LLC") - BA,LLC is a Maryland CompanyBrown Investment Advisory &amp; Trust Company ("BIATC") - BIATC is a Maryland Company</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 2(d).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">TITLE OF CLASS OF SECURITIES:</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 2(e).</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">CUSIP NUMBER:</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">48282T104</td>
                    </tr>
                  </table>
                  <table cellpadding="2" cellspacing="0" border="0" style="margin:0px 0px 10px 0px">
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 3.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;padding:0px 0px 5px 0px;">
				IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c)
				CHECK WHETHER THE PERSON FILING IS A:
			</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top;">(a)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(b)</td>
                      <td>[X]&nbsp;&nbsp;Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(c)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(d)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(e)</td>
                      <td>[X]&nbsp;&nbsp;An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(f)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(g)</td>
                      <td>[X]&nbsp;&nbsp;A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(h)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(i)</td>
                      <td>[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(j)</td>
                      <td>
				[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);

			</td>
                    </tr>
                    <tr>
                      <td style="vertical-align:top">(k)</td>
                      <td>
				[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:

			</td>
                    </tr>
                    <tr>
                      <td colspan="2">BA, Inc. is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);BA, LLC is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);BIATC is a bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:10px 0px 0px 5px;">ITEM 4.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:10px 0px 5px 0px;">
				OWNERSHIP:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2">
				Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
			</td>
                    </tr>
                    <tr>
                      <td>(a)</td>
                      <td>Amount beneficially owned:</td>
                    </tr>
                    <tr>
                      <td>711,811</td>
                    </tr>
                    <tr>
                      <td>(b)</td>
                      <td>Percent of class:</td>
                    </tr>
                    <tr>
                      <td>6.54%</td>
                    </tr>
                    <tr>
                      <td>(c)</td>
                      <td>Number of shares as to which the person has:</td>
                    </tr>
                    <tr>
                      <td style="padding-top:0px;">(i)&nbsp;&nbsp;&nbsp;Sole power to vote or to direct the vote: </td>
                    </tr>
                    <tr>
                      <td style="padding:0px 0px 0px 32px">Brown Advisory Incorporated ("BA, Inc.") - 705,851Brown Advisory, LLC ("BA, LLC") - 684,616Brown Investment Advisory &amp; Trust Company ("BIATC") - 21,235</td>
                    </tr>
                    <tr>
                      <td>(ii)&nbsp;&nbsp;Shared power to vote or to direct the vote: </td>
                    </tr>
                    <tr>
                      <td style="padding:0px 0px 0px 32px">Brown Advisory Incorporated ("BA, Inc.") - 0Brown Advisory, LLC ("BA, LLC") - 0Brown Investment Advisory &amp; Trust Company ("BIATC") - 0</td>
                    </tr>
                    <tr>
                      <td>(iii) Sole power to dispose or to direct the disposition of:</td>
                    </tr>
                    <tr>
                      <td style="padding:0px 0px 0px 32px">Brown Advisory Incorporated ("BA, Inc.") - 0Brown Advisory, LLC ("BA, LLC") - 0Brown Investment Advisory &amp; Trust Company ("BIATC") - 0</td>
                    </tr>
                    <tr>
                      <td>(iv) Shared power to dispose or to direct the disposition of: </td>
                    </tr>
                    <tr>
                      <td style="padding:0px 0px 0px 32px">Brown Advisory Incorporated ("BA, Inc.") - 711,811Brown Advisory, LLC ("BA, LLC") - 690,171Brown Investment Advisory &amp; Trust Company ("BIATC") - 21,640</td>
                    </tr>
                  </table>
                  <table cellpadding="2" cellspacing="0" border="0">
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 5.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [&nbsp;&nbsp;&nbsp;].</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 6.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">The total securities being reported are beneficially owned by investment companies and other managed accounts of direct/indirect subsidiaries of BA, Inc. (listed above). These subsidiaries may be deemed to be beneficial owners of the reported securities because applicable investment advisory contracts provide voting and/or investment power over securities.&nbsp;</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 7.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15x 5px;">Brown Advisory Incorporated (BA, Inc.) is a parent holding company filing this schedule on behalf of the following subsidiaries pursuant to Rule 13d-1(b)(1)(ii)(G) under the Securities Exchange Act of 1934: Brown Advisory, LLC (BA, LLC)  IA (Investment Adviser) Brown Investment Advisory &amp; Trust Company (BIATC)  BK (Bank)&nbsp;</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 8.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">&nbsp;</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 9.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				NOTICE OF DISSOLUTION OF GROUP:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">&nbsp;</td>
                    </tr>
                    <tr>
                      <td style="width:102px;vertical-align:top;font-weight:bold;padding:0px 0px 0px 5px;">ITEM 10.</td>
                      <td colspan="2" style="vertical-align:top;font-weight:bold;text-transform:uppercase;padding:0px 0px 5px 0px;">
				CERTIFICATION:
			</td>
                    </tr>
                    <tr>
                      <td colspan="2" style="padding:0px 0px 15px 5px;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</td>
                    </tr>
                  </table>
                </div>
              </div>
              <div class="pageBreak">
                <div id="ctl00_cp_signerSubmitList_ctrl0_itm">
                  <div style="font-family:Georgia,'Times New Roman',Times,serif;width:900px;">
                    <div id="ctl00_cp_signerSubmitList_ctrl0_signerSubmit_banner">
                      <h3 style="text-align:center;padding:0px 0px 20px 0px !important;">SIGNATURE</h3>
                      <div style="padding:0px 170px 35px 170px;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
                    </div>
                    <table cellpadding="0" cellspacing="0" border="0" style="text-align:center">
                      <tr>
                        <td style="width:900px ;vertical-align:top;text-align:center;padding:0px auto 0px auto;">
				February 11, 2015
			</td>
                      </tr>
                      <tr style="padding:0px 0px 20px 0px">
                        <td>Date</td>
                      </tr>
                      <tr style="padding:0px 0px 20px 0px">
                        <td>
				Brown Advisory Incorporated ("BA, Inc.")
			</td>
                      </tr>
                      <tr>
                        <td style="width:900px ;vertical-align:top;text-align:center;padding:0px auto 0px auto;">
				Brett D. Rogers
			</td>
                      </tr>
                      <tr style="padding:0px 0px 20px 0px">
                        <td>Signature</td>
                      </tr>
                      <tr>
                        <td style="width:900px ;vertical-align:top;text-align:center;padding:0px auto 0px auto;">
				Brett D. Rogers, Chief Compliance Officer
			</td>
                      </tr>
                      <tr style="padding:0px 0px 20px 0px">
                        <td>Name/Title</td>
                      </tr>
                    </table>
                  </div>
                  <div id="ctl00_cp_signerSubmitList_ctrl0_signerSubmit_divDis" class="disclaimer">
			Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
	</div>
                </div>
              </div>
              <div id="ctl00_cp_ExCorrDiv" class="pageBreak">
                <div id="ctl00_cp_exhibitList_ctrl0_itm" class="itemSep first">
                  <div class="attachment">
                    <div id="ctl00_cp_exhibitList_ctrl0_exhibit_cusipDiv" class="cusip">CUSIP No.: 48282T104</div>
                    <div class="body">
		Joint Filing Agreement Party signing this filing agrees that this statement is submitted as a joint filing on behalf of the undersigned: Brown Advisory Incorporated ("BA, Inc.) - Parent Holding Company Brown Advisory, LLC ("BA, LLC") Brown Investment Advisory &amp; Trust Company ("BIATC") </div>
                  </div>
                </div>
              </div>
            </div>
          </div>
        </div>
      </div>
      </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
