TRANSCAT INC — Director's Dealing 2020

Jun 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2020-06-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-04	Common Stock, $.50 par value	A	12799	—	Acquired	179002	Direct
2020-06-04	Common Stock, $.50 par value	F	5415	$26.29	Disposed	173587	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: These shares were awarded to Mr. Rudow 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 shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2020.

F2: Includes 98 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

F3: These shares were withheld to cover related tax witholding obligations.

F4: 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.

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.