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TRANSCAT INC — Director's Dealing 2019
May 23, 2019
32421_dirs_2019-05-23_99109be5-14ac-44d4-9d57-252b80a2bac8.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: 2019-05-22
Reporting Person: DEVERELL SCOTT (Principal Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-05-22 | Common Stock, $.50 par value | A | 3206 | — | Acquired | 3675 | Direct |
| 2019-05-22 | Common Stock, $.50 par value | F | 1015 | $24.11 | Disposed | 2660 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-05-22 | Restricted Stock Units | $0 | A | 710 | Acquired | Common Stock, $.50 par value (710) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0 | Common Stock, $.50 par value (1033) | 1033 | Direct |
Footnotes
F1: These shares were awarded to Mr. Deverell upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shared underlying the award vest after three years subject to the Company achieving specific cumulative fully-diluted earnings per share (ESP) objectives aver the eligible three-year period that ended in fiscal 2019. Based on the Company's achievement of certain pre-determined ESP threholds, Mr. Deverell's award vested with respect to 3,206 shares.
F2: Includes 145 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.
F3: These shares were withheld to cover related tax withholding obligations.
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, vest on March 26, 2022.
F5: 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.