Michael W. West - 03 Aug 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
Issuer symbol
TRNS
Transactions as of
03 Aug 2021
Net transactions value
-$1,331,750
Form type
4
Filing time
05 Aug 2021, 16:46:33 UTC
Previous filing
10 Jun 2021
Next filing
29 Mar 2022
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 Options Exercise $300,000 +25,000 +131% $12.00* 44,095 03 Aug 2021 Direct
transaction TRNS Common Stock, $.50 par value Sale $1,631,750 -25,000 -57% $65.27 19,095 03 Aug 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 -25,000 -100% $0.000000* 0 03 Aug 2021 Common Stock, $.50 par value 25,000 $12.00 Direct F1
holding TRNS Restricted Stock Units 1,035 03 Aug 2021 Common Stock, $.50 par value 1,035 $0.000000 Direct F2
holding TRNS Restricted Stock Units 4,062 03 Aug 2021 Common Stock, $.50 par value 4,062 $0.000000 Direct F3
holding TRNS Restricted Stock Units 2,341 03 Aug 2021 Common Stock, $.50 par value 2,341 $0.000000 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.