TRANSCAT INC — Director's Dealing 2019

Jul 30, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2019-07-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-26	Common Stock, $.50 par value	M	99000	$7.57	Acquired	228833	Direct
2019-07-26	Common Stock, $.50 par value	F	62728	$23.53	Disposed	166105	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-26	Stock Option (Right to Buy)	$7.57	M	99000	Disposed	2023-07-30	Common Stock, $.50 par value (99000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (9362)	9362	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (6830)	6830	Direct
Stock Option (Right to Buy)	$12.00	2022-06-19	Common Stock, $.50 par value (50000)	50000	Direct

Footnotes

F1: Includes 23 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

F2: This option is fully exercisable as of the date of this report.

F3: These restricted stock units which convert into common stock on a one-for-one basis, vest on March 26, 2022, except as otherwise provided in the award notice.

F4: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 27, 2021, except as otherwise provided in the award notice.