Craig D. Cairns - 06 Sep 2023 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: Director
Signature: /s/ James M. Jenkins, Attorney-in-Fact for Craig D. Cairns
Issuer symbol: TRNS
Transactions as of: 06 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Sep 2023, 16:32:14 UTC
Previous filing: 08 Sep 2022
Next filing: 07 Nov 2023
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	+677	+21%	$0.000000	3,843	07 Sep 2023	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	+456		$0.000000	456	06 Sep 2023	Common Stock, $.50 par value	456	$0.000000	Direct	F1, F2
transaction	TRNS	Restricted Stock Units	Options Exercise	$0	-677	-100%	$0.000000^*	0	07 Sep 2023	Common Stock, $.50 par value	677	$0.000000	Direct	F1, F3
holding	TRNS	Stock Option (Right to Buy)						10,000	06 Sep 2023	Common Stock, $.50 par value	10,000	$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 were granted in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award agreement, vest on September 6, 2024.
F3	These restricted stock units vested on September 7, 2023.
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.