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TRANSCAT INC — Director's Dealing 2024
May 22, 2024
32421_dirs_2024-05-22_2898bbff-7402-4005-b279-7d6c90105188.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: 2024-05-20
Reporting Person: Rudow Lee D. (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-20 | Common Stock, $.50 par value | A | 5336 | — | Acquired | 109028 | Direct |
| 2024-05-20 | Common Stock, $.50 par value | F | 1993 | $124.12 | Disposed | 107035 | Direct |
| 2024-05-20 | Common Stock, $.50 par value | S | 3343 | $124.12 | Disposed | 103692 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-20 | Restricted Stock Units | $0 | A | 3925 | Acquired | Common Stock, $.50 par value (3925) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0 | Common Stock, $.50 par value (8785) | 8785 | Direct | |
| Restricted Stock Units | $0 | Common Stock, $.50 par value (3483) | 3483 | Direct | |
| Stock Option (Right to Buy) | $63.17 | 2027-05-25 | Common Stock, $.50 par value (10000) | 10000 | Direct |
Footnotes
F1: These shares were awarded to Mr. Rudow upon the vesting of performance-based restricted stock units 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 2024.
F2: Includes 4 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, 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 March 27, 2027.
F5: These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 28, 2026, 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 28, 2025, except as otherwise provided in the award notice.
F7: This option vests on May 25, 2025, except as otherwise provided in the award notice.