Michael W. West - Jun 8, 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
VP Distribution & Marketing
Signature
/s/ James M. Jenkins, Attorney-in-fact for Michael W. West
Stock symbol
TRNS
Transactions as of
Jun 8, 2021
Transactions value $
$0
Form type
4
Date filed
6/10/2021, 04:49 PM
Previous filing
May 25, 2021
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRNS Common Stock, $.50 par value 19.1K Jun 8, 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 Restricted Stock Units Award $0 +1.04K $0.00 1.04K Jun 8, 2021 Common Stock, $.50 par value 1.04K $0.00 Direct F1
holding TRNS Restricted Stock Units 4.06K Jun 8, 2021 Common Stock, $.50 par value 4.06K $0.00 Direct F2
holding TRNS Restricted Stock Units 2.34K Jun 8, 2021 Common Stock, $.50 par value 2.34K $0.00 Direct F3
holding TRNS Stock Option (Right to Buy) 25K Jun 8, 2021 Common Stock, $.50 par value 25K $12.00 Direct F4
* 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, were granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 30, 2024.
F2 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.
F3 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.
F4 This option has fully vested as of the date of this report.