Michael W. West - 26 Mar 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: VP Distribution & Marketing
Signature: /s/ Scott D. Deverell, Attorney-in-Fact for Michael W. West
Issuer symbol: TRNS
Transactions as of: 26 Mar 2022
Net transactions value: -$84,822
Form type: 4
Filing time: 29 Mar 2022, 16:34:24 UTC
Previous filing: 05 Aug 2021
Next filing: 22 May 2024
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	$0	+2,341	+12%	$0.000000	21,551	26 Mar 2022	Direct	F1, F2
transaction	TRNS	Common Stock, $.50 par value	Tax liability	$84,822	-1,143	-5.3%	$74.21	20,408	26 Mar 2022	Direct	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
transaction	TRNS	Restricted Stock Units	Options Exercise	$0	-2,341	-100%	$0.000000^*	0	26 Mar 2022	Common Stock, $.50 par value	2,341	$0.000000	Direct	F1
holding	TRNS	Restricted Stock Units						1,035	26 Mar 2022	Common Stock, $.50 par value	1,035	$0.000000	Direct	F4
holding	TRNS	Restricted Stock Units						4,062	26 Mar 2022	Common Stock, $.50 par value	4,062	$0.000000	Direct	F5

* 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, vested on March 26, 2022.
F2	Includes 115 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3	Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
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.