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

Role: Principal Accounting Officer
Signature: /s/ James M. Jenkins, Attorney-in-fact, Scott D. Deverell
Stock symbol: TRNS
Transactions as of: May 19, 2021
Transactions value $: -$10,443
Form type: 4
Date filed: 5/25/2021, 04:21 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	Award	$0	+661	+22.28%	$0.00	3.63K	May 19, 2021	Direct	F1
transaction	TRNS	Common Stock, $.50 par value	Tax liability	-$10.4K	-220	-6.06%	$47.47	3.41K	May 19, 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						1.28K	May 19, 2021	Common Stock, $.50 par value	1.28K	$0.00	Direct	F3
holding	TRNS	Restricted Stock Units						710	May 19, 2021	Common Stock, $.50 par value	710	$0.00	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.