Lee D. Rudow - 19 May 2021 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role
President and CEO, Director
Signature
/s/ James M. Jenkins, Attorney-in-fact for Lee D. Rudow
Issuer symbol
TRNS
Transactions as of
19 May 2021
Net transactions value
-$2,199,500
Form type
4
Filing time
21 May 2021, 16:19:44 UTC
Next filing
10 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRNS Common Stock, $.50 par value Options Exercise $600,000 +50,000 +31% $12.00* 211,018 19 May 2021 Direct
transaction TRNS Common Stock, $.50 par value Sale $2,799,500 -50,000 -24% $55.99 161,018 19 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TRNS Stock Option (Right to Buy) Options Exercise $0 -50,000 -100% $0.000000* 0 19 May 2021 Common Stock, $.50 par value 50,000 $12.00 Direct
holding TRNS Restricted Stock Units 16,248 19 May 2021 Common Stock, $.50 par value 16,248 $0.000000 Direct F1
holding TRNS Restricted Stock Units 9,362 19 May 2021 Common Stock, $.50 par value 9,362 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.