TRANSCAT INC — Director's Dealing 2020

Jul 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2020-07-21

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-21	Restricted Stock Units	$0	A	4062	Acquired		Common Stock, $.50 par value (4062)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	15659	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (350)	350	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (2341)	2341	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (3425)	3425	Direct
Stock Option (Right to Buy)	$12.00	2022-06-19	Common Stock, $.50 par value (25000)	25000	Direct

Footnotes

F1: 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 July 21, 2023.

F2: These restricted stock units, which convert into common stock on a one-for-one basis, vested one-third on each of April 1, 2019 and April 1, 2020 and vest one-third on April 1, 2021, except as otherwise provided in the award notice.

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.

F5: This option has fully vested as of the date of this report.