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TRANSCAT INC — Director's Dealing 2004
Oct 20, 2004
32421_dirs_2004-10-20_0f7aaa3d-ae86-4b40-8b91-3f89efe3d569.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2004-10-18
Reporting Person: HADEED CHARLES P (COO,VP-Finance and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-10-18 | Common Stock, $.50 par value | A | 10000 | — | Acquired | 28780 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-10-18 | Stock Option (Right to Buy) | $2.89 | A | 20000 | Acquired | 2014-10-17 | Common Stock, $.50 par value (20000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $1.00 | 2007-04-29 | Common Stock, $.50 par value (50000) | 50000 | Direct |
| Stock Option (Right to Buy) | $2.20 | 2013-10-27 | Common Stock, $.50 par value (20000) | 20000 | Direct |
Footnotes
F1: Restricted Stock Award granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3.
F2: Includes 3,230 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between March 2004 and September 2004.
F3: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option in cumulative increments of 12,500 shares after each of the following dates, providing the market price of the Company's Common Stock meets or exceeds, for 20 of 30 consecutive trading days, the following respective amounts: 4/30/02--$2.25; 1/1/03--$3.50; 1/1/04--$5.25; 1/1/05--$7.50; to the extent such market price requirements are not satisfied, the balance of the option becomes exercisable on 4/30/06.
F4: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 6,667 shares on 10/28/04, 6,667 shares on 10/28/05, and 6,666 shares on 10/28/06.
F5: This option was granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. Mr. Hadeed can exercise the option as follows: 6,667 shares on 10/18/05, 6,667 shares on 10/18/06, and 6,666 shares on 10/18/07.