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TRANSCAT INC — Director's Dealing 2018
May 25, 2018
32421_dirs_2018-05-25_d27b8acf-55bb-4e18-a0e6-9ac6874b9a21.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: 2018-05-23
Reporting Person: Rudow Lee D. (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-05-23 | Common Stock, $.50 par value | A | 20360 | — | Acquired | 97513 | Direct |
| 2018-05-23 | Common Stock, $.50 par value | F | 5182 | $16.90 | Disposed | 94838 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-05-23 | Restricted Stock Units | $0 | A | 6830 | Acquired | Common Stock, $.50 par value (6830) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $12.00 | 2022-06-19 | Common Stock, $.50 par value (50000) | 50000 | Direct |
| Stock Option (Right to Buy) | $7.57 | 2023-07-30 | Common Stock, $.50 par value (99000) | 99000 | 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 that ended in fiscal year 2018. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Rudow's award vested with respect to 20,360 shares.
F2: These shares were withheld to cover related tax withholding obligations.
F3: Includes 2,507 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.
F4: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2021.
F5: This option was previously reported by Mr. Rudow and is exercisable as follows: 20,000 shares on 7/30/2015, 20,000 shares on 7/30/2016, and 60,000 shares on 7/30/2017.