Lee D. Rudow - Nov 5, 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ James M. Jenkins, Attorney-in-fact for Lee D. Rudow
Stock symbol
TRNS
Transactions as of
Nov 5, 2021
Transactions value $
-$3,055,150
Form type
4
Date filed
11/8/2021, 03:17 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 Sale -$3.06M -35K -21.69% $87.29 126K Nov 5, 2021 Direct F1, F2, F3

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 4.14K Nov 5, 2021 Common Stock, $.50 par value 4.14K $0.00 Direct F4
holding TRNS Restricted Stock Units 16.2K Nov 5, 2021 Common Stock, $.50 par value 16.2K $0.00 Direct F5
holding TRNS Restricted Stock Units 9.36K Nov 5, 2021 Common Stock, $.50 par value 9.36K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 10, 2021.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.00 to $87.305, inclusive. Mr. Rudow undertakes to provide Transcat, Inc., any security holder of Transcat, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes 35 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F4 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.
F5 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.
F6 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.