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TRANSCAT INC — Director's Dealing 2009
May 5, 2009
32421_dirs_2009-05-05_f6a820ec-339b-4a81-83af-717a03af1e33.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: 2009-04-06
Reporting Person: Zimmer John J (VP of Finance and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-04-06 | Common Stock, $.50 par value | A | 6485 | — | Acquired | 4393 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $5.80 | 2016-08-02 | Common Stock, $.50 par value (10000) | 10000 | Direct |
| Stock Option (Right to Buy) | $7.72 | 2017-07-30 | Common Stock, $.50 par value (30080) | 30080 | Direct |
Footnotes
F1: This performance-based restricted stock award was granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The award vests after three years subject to the company achieving specific cumulative fully-diluted earnings per share objectives over the eligible three-year period ending in fiscal year 2012. At such time, Mr. Zimmer will receive a percentage of the award if the company meets certain pre-determined earnings per share thresholds. Failure to achieve the minimum threshold will result in no shares awarded. Accordingly, the award is not included in the amount of securities beneficially owned by Mr. Zimmer following the grant.
F2: Mr. Zimmer voluntarily reported the grant of a performance-based restricted stock award of 6,000 shares on 5/5/08. The amount of securities beneficially owned by Mr. Zimmer following the grant has been corrected to exclude this performance-based award.
F3: Includes 822 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between June 2008 and March 2009.
F4: This option was previously reported by Mr. Zimmer. Mr. Zimmer can exercise this option as follows: 3,334 shares on 8/02/07, 3,333 shares on 8/02/08, and 3,333 shares on 8/02/09.
F5: This option was previously reported by Mr. Zimmer. Mr. Zimmer can exercise this option as follows: 6,016 shares on 7/30/09, 6,016 shares on 7/30/10 and 18,048 shares on 7/30/11.