Lee D. Rudow - Mar 26, 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
Stock symbol
TRNS
Transactions as of
Mar 26, 2022
Transactions value $
-$694,754
Form type
4
Date filed
3/29/2022, 04:37 PM
Previous filing
Nov 8, 2021
Next filing
Jun 28, 2022

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 +9.36K +7.41% $0.00 136K Mar 26, 2022 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$308K -4.15K -3.06% $74.21 132K Mar 26, 2022 Direct F3
transaction TRNS Common Stock, $.50 par value Sale -$387K -5.21K -3.96% $74.21 126K Mar 26, 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 -9.36K -100% $0.00* 0 Mar 26, 2022 Common Stock, $.50 par value 9.36K $0.00 Direct F1
holding TRNS Restricted Stock Units 4.14K Mar 26, 2022 Common Stock, $.50 par value 4.14K $0.00 Direct F4
holding TRNS Restricted Stock Units 16.2K Mar 26, 2022 Common Stock, $.50 par value 16.2K $0.00 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.