Form Type: 4

SEC EDGAR Link
Accession Number:0001062993-22-013599
Date:2022-05-25
Issuer: TRANSCAT INC (TRNS)
Original Submission Date:

Reporting Person:

DEVERELL SCOTT
TRANSCAT, INC.
35 VANTAGE POINT DRIVE ROCHESTER, NY 14624

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $.50 PAR VALUE 2022-05-25 A 582 a $0.00 2,971 direct
COMMON STOCK, $.50 PAR VALUE 2022-05-25 F 234 d $63.17 2,737 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2022-05-25 deemed execution date A 274 (a) common stock, $.50 par value 274 $0.00 274 direct
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock, $.50 par value 325 $0.00 325 direct
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock, $.50 par value 1,276 $0.00 1,276 direct
Footnotes
IDfootnote
f1 these shares were awarded to mr. deverell 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 2022.
f2 includes 10 shares acquired under the transcat, inc. employee stock purchase plan.
f3 these shares were withheld to cover related tax withholding obligations.
f4 these restricted stock units, which convert into common stock on a one-for-one basis, were granted under the transcat, inc. 2021 stock incentive plan in a transaction exempt under rule 16b-3 and, except as otherwise provided in the award notice, vest on may 25, 2025.
f5 these restricted stock units, which convert into common stock on a one-for-one basis, vest on march 30, 2024, except as otherwise provided in the award notice.
f6 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.
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