Sec Form 4 Filing - P2 Capital Partners, LLC @ BLOUNT INTERNATIONAL INC - 2015-11-23

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person P2 Capital Partners, LLC 2. Issuer Name and Ticker or Trading Symbol BLOUNT INTERNATIONAL INC [ BLT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 590 MADISON AVENUE, 25TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 11/23/2015 (Street) NEW YORK, NY10022 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/23/2015 S 18,304 D $ 5.2782 ( 1 ) 1,279,551 I By P2 Capital Master Fund I, L.P. ( 2 ) Common Stock 11/24/2015 S 6,336 D $ 5.436 1,273,215 I By P2 Capital Master Fund I, L.P. ( 2 ) Common Stock 11/23/2015 S 30,584 D $ 5.2782 ( 1 ) 2,137,992 I By P2 Capital Master Fund VI, L.P. ( 2 ) Common Stock 11/24/2015 S 10,587 D $ 5.436 2,127,405 I By P2 Capital Master Fund VI, L.P. ( 2 ) Common Stock 11/23/2015 S 55,112 D $ 5.2782 ( 1 ) 3,852,660 I By P2 Capital Master Fund IX, L.P. ( 2 ) Common Stock 11/24/2015 S 19,077 D $ 5.436 3,833,583 I By P2 Capital Master Fund IX, L.P. ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other P2 Capital Partners, LLC 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY10022 X MOLLER CLAUS J 590 MADISON AVENUE, 25TH FLOOR NEW YORK, NY10022 X Signatures /s/ Claus Moller, Managing Member, on behalf of P2 Capital Partners, LLC 11/25/2015 Signature of Reporting Person Date /s/ Claus Moller 11/25/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This transaction was executed in multiple trades at prices ranging from $5.09 to $5.45 per share, inclusive. The price reported above reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. ( 2 )P2 Capital Partners, LLC (the "Manager"), as the investment manager of P2 Capital Master Fund I, L.P., P2 Capital Master Fund VI, L.P. and P2 Capital Master Fund IX, L.P. (the "Funds"), and Claus Moller, as managing member of the Manager, may be deemed to own beneficially the shares of Common Stock that are owned directly by the Funds. Each of the Manager and Mr. Moller disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein, and this report shall not be deemed to be an admission that either reporting person is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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