Lee D. Rudow - 26 Mar 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ Scott D. Deverell, Attorney-in-Fact for Lee D. Rudow
Issuer symbol
TRNS
Transactions as of
26 Mar 2022
Net transactions value
-$694,754
Form type
4
Filing time
29 Mar 2022, 16:37:05 UTC
Previous filing
08 Nov 2021
Next filing
28 Jun 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 $0 +9,362 +7.4% $0.000000 135,759 26 Mar 2022 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability $308,120 -4,152 -3.1% $74.21 131,607 26 Mar 2022 Direct F3
transaction TRNS Common Stock, $.50 par value Sale $386,634 -5,210 -4% $74.21 126,397 26 Mar 2022 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 Options Exercise $0 -9,362 -100% $0.000000* 0 26 Mar 2022 Common Stock, $.50 par value 9,362 $0.000000 Direct F1
holding TRNS Restricted Stock Units 4,138 26 Mar 2022 Common Stock, $.50 par value 4,138 $0.000000 Direct F4
holding TRNS Restricted Stock Units 16,248 26 Mar 2022 Common Stock, $.50 par value 16,248 $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, vest on March 26, 2022, except as otherwise provided in the award notice.
F2 Includes 12 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.