Scott Deverell - 19 May 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Principal Accounting Officer
Signature: /s/ James M. Jenkins, Attorney-in-fact, Scott D. Deverell
Issuer symbol: TRNS
Transactions as of: 19 May 2021
Net transactions value: -$10,443
Form type: 4
Filing time: 25 May 2021, 16:21:02 UTC
Next filing: 10 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Award	$0	+661	+22%	$0.000000	3,628	19 May 2021	Direct	F1
transaction	TRNS	Common Stock, $.50 par value	Tax liability	$10,443	-220	-6.1%	$47.47	3,408	19 May 2021	Direct	F2

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
holding	TRNS	Restricted Stock Units						1,276	19 May 2021	Common Stock, $.50 par value	1,276	$0.000000	Direct	F3
holding	TRNS	Restricted Stock Units						710	19 May 2021	Common Stock, $.50 par value	710	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were awarded to Mr. Deverell upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2021.
F2	These shares were withheld to cover related tax withholding obligations.
F3	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.
F4	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.