Michael W. West - Mar 26, 2022 Form 4 Insider Report for TRANSCAT INC (TRNS)

Role: VP Distribution & Marketing
Signature: /s/ Scott D. Deverell, Attorney-in-Fact for Michael W. West
Stock symbol: TRNS
Transactions as of: Mar 26, 2022
Transactions value $: -$84,822
Form type: 4
Date filed: 3/29/2022, 04:34 PM
Previous filing: Aug 5, 2021
Next filing: May 22, 2024
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	$0	+2.34K	+12.19%	$0.00	21.6K	Mar 26, 2022	Direct	F1, F2
transaction	TRNS	Common Stock, $.50 par value	Tax liability	-$84.8K	-1.14K	-5.3%	$74.21	20.4K	Mar 26, 2022	Direct	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
transaction	TRNS	Restricted Stock Units	Options Exercise	$0	-2.34K	-100%	$0.00^*	0	Mar 26, 2022	Common Stock, $.50 par value	2.34K	$0.00	Direct	F1
holding	TRNS	Restricted Stock Units						1.04K	Mar 26, 2022	Common Stock, $.50 par value	1.04K	$0.00	Direct	F4
holding	TRNS	Restricted Stock Units						4.06K	Mar 26, 2022	Common Stock, $.50 par value	4.06K	$0.00	Direct	F5

* 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, vested on March 26, 2022.
F2	Includes 115 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 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.