Flack Robert A. 4
4 · TRANSCAT INC · Filed May 25, 2018
Insider Transaction Report
Form 4
TRANSCAT INCTRNS
Flack Robert A.
Vice President of Operations
Transactions
- Award
Common Stock, $.50 par value
2018-05-23+4,734→ 16,818 total - Tax Payment
Common Stock, $.50 par value
2018-05-23$16.90/sh−1,375$23,237→ 15,562 total - Award
Restricted Stock Units
2018-05-23+4,118→ 4,118 totalExercise: $0.00→ Common Stock, $.50 par value (4,118 underlying)
Holdings
- 25,000
Stock Option (Right to Buy)
Exercise: $12.00From: 2017-06-19Exp: 2022-06-19→ Common Stock, $.50 par value (25,000 underlying) - 3,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (3,000 underlying)
Footnotes (5)
- [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 that ended in fiscal year 2018. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Flack's award vested with respect to 4,734 shares.
- [F2]These shares were withheld to cover related tax withholding obligations.
- [F3]Includes 119 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.
- [F4]These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the 6/19/2017 grant date.
- [F5]These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on March 27, 2021.