AI assistant
TRANSCAT INC — Director's Dealing 2022
May 26, 2022
32421_dirs_2022-05-26_9541979a-334b-4c82-a43a-3ac522e40a6b.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2022-05-25
Reporting Person: DEVERELL SCOTT (Principal Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-25 | Common Stock, $.50 par value | A | 582 | — | Acquired | 2971 | Direct |
| 2022-05-25 | Common Stock, $.50 par value | F | 234 | $63.17 | Disposed | 2737 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-25 | Restricted Stock Units | $0 | A | 274 | Acquired | Common Stock, $.50 par value (274) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0 | Common Stock, $.50 par value (325) | 325 | Direct | |
| Restricted Stock Units | $0 | Common Stock, $.50 par value (1276) | 1276 | Direct |
Footnotes
F1: These shares were awarded to Mr. Deverell 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 2022.
F2: Includes 10 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F3: These shares were withheld to cover related tax withholding obligations.
F4: These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2021 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on May 25, 2025.
F5: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 30, 2024, 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 July 21, 2023, except as otherwise provided in the award notice.