TRANSACT TECHNOLOGIES INC — Director's Dealing 2022

Mar 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSACT TECHNOLOGIES INC (TACT)
CIK: 0001017303
Period of Report: 2022-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-27	Common Stock	M	4245	$0.00	Acquired	91244	Direct
2022-02-27	Common Stock	M	4109	$0.00	Acquired	95353	Direct
2022-03-01	Common Stock	M	1589	$0.00	Acquired	96942	Direct
2022-03-01	Common Stock	M	2995	$6.70	Acquired	99937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-27	Restricted Stock Units	$	M	6275	Disposed		Common Stock (6275)	Direct
2022-02-27	Restricted Stock Units	$	M	6075	Disposed		Common Stock (6075)	Direct
2022-03-01	Restricted Stock Units	$	M	2350	Disposed		Common Stock (2350)	Direct
2022-03-01	Stock Option	$6.70	M	17500	Disposed	2022-03-05	Common Stock (17500)	Direct

Holdings (Non-Derivative)

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

Footnotes

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.