TRANSCAT INC — Director's Dealing 2021

Mar 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2021-03-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-27	Common Stock, $.50 par value	M	3425	—	Acquired	19272	Direct
2021-03-27	Common Stock, $.50 par value	F	1595	$53.17	Disposed	17677	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-27	Restricted Stock Units	$0	M	3425	Disposed		Common Stock, $.50 par value (3425)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $.50 par value (4062)	4062	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (350)	350	Direct
Restricted Stock Units	$0		Common Stock, $.50 par value (2341)	2341	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 on March 27, 2021.

F2: Includes 188 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.

F3: Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.

F4: These restricted stock units, which convert into common stock on a one-for-one basis, vest on July 21, 2023.

F5: 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.

F6: 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.

F7: This option has fully vested as of the date of this report.