Michael W. West - Aug 3, 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: Aug 3, 2021
Transactions value $: -$1,331,750
Form type: 4
Date filed: 8/5/2021, 04:46 PM
Previous filing: Jun 10, 2021
Next filing: Mar 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRNS	Common Stock, $.50 par value	Options Exercise	$300K	+25K	+130.92%	$12.00^*	44.1K	Aug 3, 2021	Direct
transaction	TRNS	Common Stock, $.50 par value	Sale	-$1.63M	-25K	-56.7%	$65.27	19.1K	Aug 3, 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	-25K	-100%	$0.00^*	0	Aug 3, 2021	Common Stock, $.50 par value	25K	$12.00	Direct	F1
holding	TRNS	Restricted Stock Units						1.04K	Aug 3, 2021	Common Stock, $.50 par value	1.04K	$0.00	Direct	F2
holding	TRNS	Restricted Stock Units						4.06K	Aug 3, 2021	Common Stock, $.50 par value	4.06K	$0.00	Direct	F3
holding	TRNS	Restricted Stock Units						2.34K	Aug 3, 2021	Common Stock, $.50 par value	2.34K	$0.00	Direct	F4

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

Explanation of Responses:

Id	Content
F1	This option has fully vested as of the date of this report.
F2	These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 30, 2024, 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 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.