TRANSCAT INC — Director's Dealing 2020

Apr 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2020-04-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-01	Common Stock, $.50 par value	M	350	—	Acquired	14552	Direct
2020-04-01	Common Stock, $.50 par value	F	125	$26.50	Disposed	14397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-01	Restricted Stock Units	$0	M	350	Disposed		Common Stock, $.50 par value (350)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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, 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.

F2: Includes 356 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

F3: Due to an administrative error, the prior filing over-reported total ownership by 96 shares.

F4: Due to an administrative error, the prior filing included certain vested amounts which have been corrected for in this filing.

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.