TRANSACT TECHNOLOGIES INC — Director's Dealing 2022

Mar 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSACT TECHNOLOGIES INC (TACT)
CIK: 0001017303
Period of Report: 2022-03-02

Reporting Person: SHULDMAN BART C (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-02	Common Stock	M	4918	$0.00	Acquired	104855	Direct
2022-03-04	Common Stock	M	2621	$0.00	Acquired	107476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-02	Stock Option	$9.10	A	48600	Acquired	2032-03-02	Common Stock (48600)	Direct
2022-03-02	Restricted Stock Units	$	A	17400	Acquired		Common Stock (17400)	Direct
2022-03-02	Performance Stock Units	$	M	7270	Disposed		Common Stock (7270)	Direct
2022-03-04	Restricted Stock Units	$	M	3875	Disposed		Common Stock (3875)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4800	Indirect
Common Stock	3750	Indirect
Common Stock	1500	Indirect

Footnotes

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.