GARELICK E LEE 4
4 · TRANSCAT INC · Filed Jul 24, 2003
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
No transactions or holdings reported in this filing.
Footnotes (2)
- [F1]Automatic grant pursuant to the Transcat, Inc. Directors' Stock Plan in a transaction exempt under Rule 16b-3.
- [F2]Mr. Garelick also directly owns the following non-transferable warrants (all of which were previously reported), exercisable in cumulative increments of 1,000 shares on various dates and under various circumstances: a warrant to purchase 4,000 shares at $3.0625 (to the extent the market price requirements are not met, the warrant becomes exercisable on 8/18/03 and expires on 8/17/04); a warrant to purchase 4,000 shares at $2.9062 (to the extent the market price requirements are not met, the warrant becomes exercisable on 8/16/04 and expires on 8/15/05); a warrant to purchase 4,000 shares at $2.00 (to the extent the market price requirements are not met, the warrant becomes exercisable on 8/22/05 and expires on 8/21/06); and a warrant to purchase 4,000 shares at $.97 (to the extent the market price requirements are not met, the warrant becomes exercisable on 8/20/06 and expires on 8/19/07).