Lee D. Rudow - May 19, 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ James M. Jenkins, Attorney-in-fact for Lee D. Rudow
Stock symbol
TRNS
Transactions as of
May 19, 2021
Transactions value $
-$2,199,500
Form type
4
Date filed
5/21/2021, 04:19 PM
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Options Exercise $600K +50K +31.05% $12.00* 211K May 19, 2021 Direct
transaction TRNS Common Stock, $.50 par value Sale -$2.8M -50K -23.69% $55.99 161K May 19, 2021 Direct

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) Options Exercise $0 -50K -100% $0.00* 0 May 19, 2021 Common Stock, $.50 par value 50K $12.00 Direct
holding TRNS Restricted Stock Units 16.2K May 19, 2021 Common Stock, $.50 par value 16.2K $0.00 Direct F1
holding TRNS Restricted Stock Units 9.36K May 19, 2021 Common Stock, $.50 par value 9.36K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units, which convert into common stock on a one-for-one basis, vest on July 21, 2023, except as otherwise provided in the award notice.
F2 These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 26, 2022, except as otherwise provided in the award notice.