James M. Jenkins - Jul 21, 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
Chief Legal & Corp Dev Officer
Signature
/s/ James M. Jenkins
Stock symbol
TRNS
Transactions as of
Jul 21, 2023
Transactions value $
-$164,328
Form type
4
Date filed
7/25/2023, 04:33 PM
Previous filing
Jun 16, 2023
Next filing
Sep 6, 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 +4.38K +110.72% $0.00 8.33K Jul 21, 2023 Direct F1, F2
transaction TRNS Common Stock, $.50 par value Tax liability -$164K -1.94K -23.23% $84.88 6.4K Jul 21, 2023 Direct F3
holding TRNS Common Stock, $.50 par value 1K Jul 21, 2023 By spouse

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 -4.38K -100% $0.00* 0 Jul 21, 2023 Common Stock, $.50 par value 4.38K $0.00 Direct F1, F4
holding TRNS Restricted Stock Units 3.49K Jul 21, 2023 Common Stock, $.50 par value 3.49K $0.00 Direct F1, F5
holding TRNS Restricted Stock Units 1.19K Jul 21, 2023 Common Stock, $.50 par value 1.19K $0.00 Direct F1, F6
holding TRNS Restricted Stock Units 1.41K Jul 21, 2023 Common Stock, $.50 par value 1.41K $0.00 Direct F1, F7
holding TRNS Stock Option (Right to Buy) 3.5K Jul 21, 2023 Common Stock, $.50 par value 3.5K $63.17 Direct F8
* 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 Includes 33 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 vested on July 21, 2023.
F5 These restricted stock units vest on March 28, 2026, except as otherwise provided in the award notice.
F6 These restricted stock units vest on March 28, 2025, except as otherwise provided in the award notice.
F7 These restricted stock units vest on March 30, 2024, except as otherwise provided in the award notice.
F8 This option vests on the third anniversary of the date of grant.