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: 3/30/2021ACC: 0000891839-21-000083

InsiderWEST MICHAEL W.CIK 1783788

→

IssuerTRANSCAT INCCIK 99302

Officer· VP Distribution & Marketing

Since Jul 2019

-1.59K

Net shares

Net seller

$84.8K

Total sold

Open market trades

0B · 0S

Total transactions

3.42K acquired · 5.02K disposed

Non-Derivative Transactions2

Common Stock, $.50 par value

Direct

M · Option Exercise

+3.42K

Price / share

—

Trade value

—

% of position

21.6%

3/27/2021

15.85K→19.27K

Common Stock, $.50 par value

Direct

F · Tax Withholding

−1.59K

Price / share

$53.17

Trade value

$84.81K

% of position

8.3%

3/27/2021

19.27K→17.68K

Total

Net shares

+1.83K

Net value

-$84.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.50 par value Direct	3/27/2021	M · Option Exercise	+3.42K	—	—	21.6%	15.85K	19.27K
Common Stock, $.50 par value Direct	3/27/2021	F · Tax Withholding	−1.59K	$53.17	$84.81K	8.3%	19.27K	17.68K
Total			+1.83K		-$84.81K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock, $.50 par value

3.42K shares

−3.42K

Strike price

Held after

0.00

Exercisable

—

3/27/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, $.50 par value3.42K shares	3/27/2021	M · Option Exercise	−3.42K	0	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

4.06K

Shares owned

4.06K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

350.00

Shares owned

350.00

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

2.34K

Shares owned

2.34K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

31.75K

Owned

31.75K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	4.06K	4.06K
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	350.00	350.00
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	—	—	2.34K	2.34K
Total					31.75K	31.75K