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TRANSCAT INC — Director's Dealing 2020
Jun 8, 2020
32421_dirs_2020-06-08_c2ae55aa-08e6-4001-815b-123e2171a85b.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: 2020-06-04
Reporting Person: West Michael W. (VP Distribution & Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-06-04 | Common Stock, $.50 par value | A | 1956 | — | Acquired | 16419 | Direct |
| 2020-06-04 | Common Stock, $.50 par value | F | 760 | $26.29 | Disposed | 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 shares were awarded to Mr. West 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 66 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, 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.
F5: 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.
F6: 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.
F7: This option has fully vested as of the date of this report.