TRANSCAT INC — Director's Dealing 2017

Oct 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2017-05-15

Reporting Person: Rudow Lee D. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Common Stock, $.50 par value	A	19558	—	Acquired	81488	Direct
2017-05-15	Common Stock, $.50 par value	F	4335	$12.35	Disposed	77153	Direct

Footnotes

F1: These shares were awarded to Mr. Rudow upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying the award vest after three years subject to the Company achieving specific cumulative fully-diluted earnings per share (EPS) objectives over the eligible three-year period ending in fiscal year 2017. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Rudow's award vested with respect to 19,558 shares.

F2: These shares were withheld to cover related tax withholding obligations.