Mbago M. Kaniki - Sep 7, 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Director
Signature
/s/ James M. Jenkins, Attorney-in-Fact for Mbago M. Kaniki
Stock symbol
TRNS
Transactions as of
Sep 7, 2022
Transactions value $
$0
Form type
4
Date filed
9/8/2022, 04:43 PM
Previous filing
Sep 9, 2021
Next filing
Sep 8, 2023

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 +756 $0.00 756 Sep 8, 2022 Direct F1

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 $0.00 677 Sep 7, 2022 Common Stock, $.50 par value 677 $0.00 Direct F2
transaction TRNS Restricted Stock Units Options Exercise $0 -756 -100% $0.00* 0 Sep 8, 2022 Common Stock, $.50 par value 756 $0.00 Direct F1, F3
holding TRNS Stock Option (Right to Buy) 10K Sep 7, 2022 Common Stock, $.50 par value 10K $47.14 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 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.
F3 These restricted stock units vested on September 8, 2022.
F4 This option 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, except as otherwise provided in the award agreement.