Cynthia Langston - 07 Sep 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Cynthia Langston
Issuer symbol
TRNS
Transactions as of
07 Sep 2022
Net transactions value
$0
Form type
4
Filing time
08 Sep 2022, 16:36:41 UTC
Next filing
08 Sep 2023
SEC
View on sec.gov

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 +677 $0.000000 677 07 Sep 2022 Common Stock, $.50 par value 677 $0.000000 Direct F1
transaction TRNS Stock Option (Right to Buy) Award $0 +10,000 $0.000000 10,000 07 Sep 2022 Common Stock, $.50 par value 10,000 $73.80 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 7, 2023.
F2 This option was granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, 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.