WEST MICHAEL W. (VP Distribution & Marketing) exercised options at TRANSCAT INC

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

M · 1 exercise

WEST MICHAEL W.

Filed: 4/2/2020ACC: 0000891839-20-000088

InsiderWEST MICHAEL W.CIK 1783788

→

IssuerTRANSCAT INCCIK 99302

Officer· VP Distribution & Marketing

Since Jul 2019

-125.00

Net shares

Net seller

$3.3K

Total sold

Open market trades

0B · 0S

Total transactions

350.00 acquired · 475.00 disposed

Non-Derivative Transactions2

Common Stock, $.50 par value

Direct

M · Option Exercise

+350.00

Price / share

—

Trade value

—

% of position

2.5%

4/1/2020

14.20K→14.55K

Common Stock, $.50 par value

Direct

F · Tax Withholding

−125.00

Price / share

$26.50

Trade value

$3.31K

% of position

0.9%

4/1/2020

14.52K→14.40K

Total

Net shares

+225.00

Net value

-$3.31K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.50 par value Direct	4/1/2020	M · Option Exercise	+350.00	—	—	2.5%	14.20K	14.55K
Common Stock, $.50 par value Direct	4/1/2020	F · Tax Withholding	−125.00	$26.50	$3.31K	0.9%	14.52K	14.40K
Total			+225.00		-$3.31K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.50 par value

350.00 shares

−350.00

Strike price

Held after

350.00

Exercisable

—

4/1/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, $.50 par value350.00 shares	4/1/2020	M · Option Exercise	−350.00	0	—	350.00

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

2.34K

Shares owned

2.34K

Exercise price

Expiration

—

Exercise window

—

Stock Option (Right to Buy)

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

25K

Shares owned

25K

Exercise price

12.00

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

3.42K

Shares owned

3.42K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

30.77K

Owned

30.77K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	2.34K	2.34K
Stock Option (Right to Buy) Direct	Common Stock, $.50 par value	12.00	—	—	25K	25K
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	3.42K	3.42K
Total					30.77K	30.77K