West Michael W. 4

4 · TRANSCAT INC · Filed May 25, 2021

Form 4

Period: 2021-05-19

Chief Operating Officer

Transactions

Award
Common Stock, $.50 par value
2021-05-19+2,192→ 20,064 total
Tax Payment
Common Stock, $.50 par value
2021-05-19$47.47/sh−969$45,998→ 19,095 total

Holdings

Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (4,062 underlying)
4,062
Stock Option (Right to Buy)
Exercise: $12.00Exp: 2022-06-19→ Common Stock, $.50 par value (25,000 underlying)
25,000
Restricted Stock Units
Exercise: $0.00→ Common Stock, $.50 par value (2,341 underlying)
2,341

Footnotes (5)

[F1]These shares were awarded to Mr. West upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan, as amended, in a transaction exempt under Rule 16b-3. The shares underlying this award vested after three years based on the Company's achievement on certain pre-determined earnings per share thresholds over the eligible three-year period that ended in fiscal year 2021.
[F2]These shares were withheld to cover related tax withholding obligations.
[F3]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.
[F4]These restricted stock units, which convert into common stock on a one-for-one basis, vest on March 26, 2022, except as otherwise provided in the award notice.
[F5]This option has fully vested as of the date of this report.

Documents

1 file