Flack Robert A. 4
4 · TRANSCAT INC · Filed Oct 16, 2017
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
Flack Robert A.
Vice President of Operations
Transactions
- Tax Payment
Common Stock, $.50 par value
2017-05-15$12.35/sh−1,017$12,560→ 10,902 total - Award
Common Stock, $.50 par value
2017-05-15+4,741→ 11,919 total
Footnotes (2)
- [F1]These shares were awarded to Mr. Flack upon the vesting of a performance-based restricted stock award granted to him 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 2017. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Flack's award vested with respect to 4,741 shares.
- [F2]These shares were withheld to cover related tax withholding obligations.