Hennessy John P. 4
4 · TRANSCAT INC · Filed May 31, 2013
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
Hennessy John P.
Vice President of Sales
Transactions
- Award
Common Stock, $.50 par value
2013-05-21+3,026→ 19,484 total
Holdings
- 10,000
Stock Option (Right to Buy)
Exercise: $6.00From: 2012-01-29Exp: 2018-01-29→ Common Stock, $.50 par value (10,000 underlying) - 13,110
Stock Option (Right to Buy)
Exercise: $6.75From: 2012-05-05Exp: 2018-05-05→ Common Stock, $.50 par value (13,110 underlying)
Footnotes (2)
- [F1]These shares were awarded to Mr. Hennessy upon the vesting of a performance-based restricted stock award granted to him on 4/5/10 under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying the award vest after three years subject to the Company achieving specific cumulative fully-diluted earnings per share (EPS) objectives over the eligible three-year period ending in fiscal year 2013. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Hennessy's award vested with respect to 3,026 shares.
- [F2]This option was previously reported by Mr. Hennessy.