Craig D. Cairns - 12 May 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Craig D. Cairns
Issuer symbol
TRNS
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
13 May 2021, 16:24:31 UTC
Next filing
24 May 2021
SEC
View on sec.gov

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 TRNS Stock Option (Right to Buy) Award $0 +10,000 $0.000000 10,000 12 May 2021 Common Stock, $.50 par value 10,000 $47.14 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted under the Company's 2003 Incentive Plan, as amended and restated, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests and becomes exercisable pro rata with respect to one-fifth of the shares subject to the option on the first, second, third, fourth and fifth anniversaries of the date of grant.