TRANSCAT INC — Director's Dealing 2019

Jul 30, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2019-07-22

Reporting Person: West Michael W. (VP Distribution & Marketing)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	13912	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (2341)		Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (3425)		Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (1050)		Direct
Stock Option (Right to Buy)	$12.00	2022-06-19	Common Stock, $.50 par value (25000)		Direct

Footnotes

F1: Includes 6,116 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

F2: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 26, 2022.

F3: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2021.

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, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vested one-third on April 1, 2019 and vest one-third on each of April 1, 2020 and April 1, 2021.

F5: This option, granted under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3, is fully vested as of the date of this report.