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TRANSACT TECHNOLOGIES INC — Director's Dealing 2016
Feb 29, 2016
34640_dirs_2016-02-29_93bbbaf2-539f-4ffd-9d42-ebca009ef5b4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRANSACT TECHNOLOGIES INC (TACT)
CIK: 0001017303
Period of Report: 2016-02-25
Reporting Person: SHULDMAN BART C (Director, Chairman and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-25 | Stock Option | $7.17 | A | 98200 | Acquired | 2026-02-25 | Common Stock (98200) | Direct |
| 2016-02-25 | Restricted Stock Units | $ | A | 16800 | Acquired | Common Stock (16800) | Direct | |
| 2016-02-25 | Deferred Stock Units | $ | A | 19657 | Acquired | Common Stock (19657) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2500 | Direct |
| Common Stock | 4800 | Indirect |
| Common Stock | 3750 | Indirect |
| Common Stock | 1500 | Indirect |
Footnotes
F1: Grant of non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary of the date of 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 Unit vests 25% per year on each anniversary of the date of grant.
F4: The Deferred Stock Units convert to common stock on a one-for-one basis.
F5: The Deferred Stock units were issued pursuant to the Company's 2014 Equity Incentive Plan. Upon the earlier of (i) February 25, 2019, (ii) a change in control event as defined in section 401A of the IRS code and (iii) the date of the Reporting Person's separation of service from the Company, the Company shall transfer to the Reporting Person one share of common stock for each Deferred Stock Unit held by the Reporting Person.