BART C. SHULDMAN - 27 Feb 2022 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role
Chairman and CEO, Director
Signature
Steve A. DeMartino, Attorney-in-fact
Issuer symbol
TACT
Transactions as of
27 Feb 2022
Net transactions value
-$97,184
Form type
4
Filing time
01 Mar 2022, 17:37:13 UTC
Previous filing
21 Jun 2021
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TACT Common Stock Options Exercise $0 +4,245 +4.9% $0.000000 91,244 27 Feb 2022 Direct F4
transaction TACT Common Stock Options Exercise $0 +4,109 +4.5% $0.000000 95,353 27 Feb 2022 Direct F5
transaction TACT Common Stock Options Exercise $0 +1,589 +1.7% $0.000000 96,942 01 Mar 2022 Direct F6
transaction TACT Common Stock Options Exercise $20,066 +2,995 +3.1% $6.70 99,937 01 Mar 2022 Direct F7
holding TACT Common Stock 4,800 27 Feb 2022 Daughters
holding TACT Common Stock 3,750 27 Feb 2022 Mother
holding TACT Common Stock 1,500 27 Feb 2022 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 TACT Restricted Stock Units Options Exercise $0 -6,275 -50% $0.000000 6,275 27 Feb 2022 Common Stock 6,275 Direct F1
transaction TACT Restricted Stock Units Options Exercise $0 -6,075 -33% $0.000000 12,150 27 Feb 2022 Common Stock 6,075 Direct F2
transaction TACT Restricted Stock Units Options Exercise $0 -2,350 -100% $0.000000* 0 01 Mar 2022 Common Stock 2,350 Direct F3
transaction TACT Stock Option Options Exercise $117,250 -17,500 -100% $6.70 0 01 Mar 2022 Common Stock 17,500 $6.70 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Restricted Stock Units issued on February 27, 2019 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
F2 Shares of Restricted Stock Units issued on February 27, 2020 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
F3 Shares of Restricted Stock Units issued on March 1, 2018 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis.
F4 Mr. Shuldman relinquished 2,030 shares of common stock of the 6,275 restricted stock units that converted to common stock on February 27, 2022 in order to pay the required income and payroll taxes.
F5 Mr. Shuldman relinquished 1,966 shares of common stock of the 6,075 restricted stock units that converted to common stock on February 27, 2022 in order to pay the required income and payroll taxes.
F6 Mr. Shuldman relinquished 761 shares of common stock of the 2,350 restricted stock units that converted to common stock on March 1, 2022 in order to pay the required income and payroll taxes.
F7 Represents a "net exercise" of 17,500 outstanding stock options. 14,505 shares were withheld by TransAct Technologies for payment of the exercise price based on the market price of TransAct Technologies stock at the time of the option exercise on March 1, 2022 of $8.97 per share and payment of the required income and payroll taxes.