Craig D. Cairns - Sep 8, 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Craig D. Cairns
Stock symbol
TRNS
Transactions as of
Sep 8, 2021
Transactions value $
$0
Form type
4
Date filed
9/9/2021, 04:27 PM
Previous filing
May 24, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRNS Common Stock, $.50 par value 1.75K Sep 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 +756 $0.00 756 Sep 8, 2021 Common Stock, $.50 par value 756 $0.00 Direct F1
holding TRNS Stock Option (Right to Buy) 10K Sep 8, 2021 Common Stock, $.50 par value 10K $47.14 Direct F2
* 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 in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest on September 8, 2022.
F2 This option vests and becomes exercisable pro rata with respect to one-fifth of the shares subject to the option on the first, second, third, fourth and fifth anniversaries of the date of grant, except as otherwise provided in the award notice.