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TRANSACT TECHNOLOGIES INC — Director's Dealing 2018
Mar 6, 2018
34640_dirs_2018-03-05_06a90a4b-3c24-45d3-b33d-dc5bf9952fbf.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: 2018-03-01
Reporting Person: Newmark Andrew (EVP, Sales & Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-01 | Common Stock | A | 3358 | — | Acquired | 44523 | Direct |
Footnotes
F1: The acquisition of common stock represents the vesting of performance share awards (PSAs), awarded on April 28, 2016 pursuant to the Company's 2014 Equity Incentive Plan. Each PSA has a value equal to one share of TransAct common stock. The PSAs are earned on a variable basis dependent upon level of achievement against a long-term performance metric, which for 2016 was a two-year combined EBITDA target for 2016 and 2017, which ended on December 31, 2017. The performance criteria was satisfied at the 89.9% level, which resulted in a payout of 74.6% of the PSAs granted during 2016.