TRANSCAT INC — Director's Dealing 2019

May 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2019-05-23

Reporting Person: Flack Robert A. (VP of Service Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-23	Common Stock, $.50 par value	M	25000	$12.00	Acquired	50141	Direct
2019-05-23	Common Stock, $.50 par value	F	16038	$25.30	Disposed	34103	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-23	Stock Option (Right to Buy)	$12.00	M	25000	Disposed	2022-06-19	Common Stock, $.50 par value (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (2681)	2681	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (2000)	2000	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (4118)	4118	Direct

Footnotes

F1: 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.

F2: These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the June 19, 2017 grant date.

F3: 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.