Bart C. Shuldman - Mar 2, 2022 Form 4 Insider Report for TRANSACT TECHNOLOGIES INC (TACT)

Role: Chairman and CEO, Director
Signature: Steve A. DeMartino, Attorney-in-fact
Stock symbol: TACT
Transactions as of: Mar 2, 2022
Transactions value $: $442,260
Form type: 4
Date filed: 3/4/2022, 04:20 PM
Previous filing: Mar 1, 2022
Next filing: Jun 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TACT	Common Stock	Options Exercise	$0	+4.92K	+4.92%	$0.00	105K	Mar 2, 2022	Direct	F6
transaction	TACT	Common Stock	Options Exercise	$0	+2.62K	+2.5%	$0.00	107K	Mar 4, 2022	Direct	F7
holding	TACT	Common Stock						4.8K	Mar 2, 2022	Daughters
holding	TACT	Common Stock						3.75K	Mar 2, 2022	Mother
holding	TACT	Common Stock						1.5K	Mar 2, 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	Stock Option	Award	$442K	+48.6K		$9.10	48.6K	Mar 2, 2022	Common Stock	48.6K	$9.10	Direct	F1
transaction	TACT	Restricted Stock Units	Award	$0	+17.4K		$0.00	17.4K	Mar 2, 2022	Common Stock	17.4K		Direct	F2, F3
transaction	TACT	Performance Stock Units	Options Exercise	$0	-7.27K	-33.33%	$0.00	14.5K	Mar 2, 2022	Common Stock	7.27K		Direct	F4
transaction	TACT	Restricted Stock Units	Options Exercise	$0	-3.88K	-25%	$0.00	11.6K	Mar 4, 2022	Common Stock	3.88K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary date of the grant.
F2	The Restricted Stock Units convert to common stock on a one-for-one basis.
F3	The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant.
F4	Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ending December 31, 2021. The performance criteria was satisfied at the 82.6% level, which resulted in a payout of 56.5% of the PSAs granted during 2021.
F5	Shares of Restricted Stock Units issued on March 4, 2021 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.
F6	Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on March 2, 2022 in order to pay the required income and payroll taxes.
F7	Mr. Shuldman relinquished 1,254 shares of common stock of the 3,875 restricted stock units that converted to common stock on March 4, 2022 in order to pay the required income and payroll taxes.