Lee D. Rudow - 05 Nov 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: 05 Nov 2021
Transactions value $: $-3,055,150
Form type: 4
Filing time: 08 Nov 2021, 15:17:44 UTC
Previous filing: 10 Jun 2021
Next filing: 29 Mar 2022
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	Sale	$-3,055,150	-35,000	-21.7%	$87.29	126,385	05 Nov 2021	Direct	F1, F2, F3

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
holding	TRNS	Restricted Stock Units						4,138	05 Nov 2021	Common Stock, $.50 par value	4,138	$0.000000	Direct	F4
holding	TRNS	Restricted Stock Units						16,248	05 Nov 2021	Common Stock, $.50 par value	16,248	$0.000000	Direct	F5
holding	TRNS	Restricted Stock Units						9,362	05 Nov 2021	Common Stock, $.50 par value	9,362	$0.000000	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 10, 2021.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.00 to $87.305, inclusive. Mr. Rudow undertakes to provide Transcat, Inc., any security holder of Transcat, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	Includes 35 shares acquired under the Transcat, Inc. Employee Stock Purchase Plan.
F4	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.
F5	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.
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.