FLACK ROBERT A. (VP Service Sales & Operations) exercised options at TRANSCAT INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

FLACK ROBERT A.

Filed: 5/28/2019ACC: 0000891839-19-000090

InsiderFLACK ROBERT A.CIK 1641636

→

IssuerTRANSCAT INCCIK 99302

Officer· VP Service Sales & Operations

Since May 2019

-16.04K

Net shares

Net seller

$405.8K

Total sold

Open market trades

0B · 0S

Total transactions

25K acquired · 41.04K disposed

Non-Derivative Transactions2

Common Stock, $.50 par value

Direct

M · Option Exercise

+25K

Price / share

$12.00

Trade value

$300K

% of position

99.4%

5/23/2019

25.14K→50.14K

Common Stock, $.50 par value

Direct

F · Tax Withholding

−16.04K

Price / share

$25.30

Trade value

$405.76K

% of position

32.0%

5/23/2019

50.14K→34.10K

Total

Net shares

+8.96K

Net value

-$105.76K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.50 par value Direct	5/23/2019	M · Option Exercise	+25K	$12.00	$300K	99.4%	25.14K	50.14K
Common Stock, $.50 par value Direct	5/23/2019	F · Tax Withholding	−16.04K	$25.30	$405.76K	32.0%	50.14K	34.10K
Total			+8.96K		-$105.76K

Derivative Transactions1

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock, $.50 par value

25K shares

−25K

Strike price

12.00

Held after

0.00

Exercisable

—

5/23/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Stock, $.50 par value25K shares	5/23/2019	M · Option Exercise	−25K	12.00	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

4.12K

Shares owned

4.12K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

2.68K

Shares owned

2.68K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

Shares owned

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

8.80K

Owned

8.80K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	4.12K	4.12K
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	2.68K	2.68K
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	2K	2K
Total					8.80K	8.80K