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TRANSCAT INC — Director's Dealing 2006
Jan 19, 2006
32421_dirs_2006-01-19_2f0f96e3-b8c5-4ef8-9738-f6d92158a480.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: 2006-01-17
Reporting Person: SASSANO CARL E (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-01-17 | Common Stock, $.50 par value | M | 50000 | $1.00 | Acquired | 217407 | Direct |
| 2006-01-17 | Common Stock, $.50 par value | F | 9524 | $5.25 | Disposed | 207883 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-01-17 | Stock Option (Right to Buy) | $1.00 | M | 50000 | Disposed | 2007-04-29 | Common Stock, $.50 par value (150000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $.50 par value | 3000 | Indirect |
| Common Stock, $.50 par value | 3000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrant (Right to Buy) | $2.00 | 2006-08-21 | Common Stock, $.50 par value (4000) | 4000 | Direct |
| Stock Option (Right to Buy) | $4.26 | 2015-08-15 | Common Stock, $.50 par value (10895) | 10895 | Direct |
Footnotes
F1: These shares are owned by Mr. Sassano's daughter. Mr. Sassano disclaims beneficial ownership of these shares.
F2: These shares are owned by Mr. Sassano's wife as custodian for their minor son. Mr. Sassano disclaims beneficial ownership of these shares.
F3: This non-transferable warrant was previously reported by Mr. Sassano.
F4: This option was previously reported by Mr. Sassano. Mr. Sassano can exercise this option in cumulative increments of 50,000 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.
F5: This option was previously reported by Mr. Sassano. Mr. Sassano can exercise this option as follows: 3,632 shares on 8/16/06, 3,632 shares on 8/16/07, and 3,631 shares on 8/16/08.