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: 4/2/2021ACC: 0000891839-21-000097

InsiderWEST MICHAEL W.CIK 1783788

→

IssuerTRANSCAT INCCIK 99302

Officer· VP Distribution & Marketing

Since Jul 2019

-155.00

Net shares

Net seller

$7.6K

Total sold

Open market trades

0B · 0S

Total transactions

350.00 acquired · 505.00 disposed

Non-Derivative Transactions2

Common Stock, $.50 par value

Direct

M · Option Exercise

+350.00

Price / share

—

Trade value

—

% of position

2.0%

4/1/2021

17.68K→18.03K

Common Stock, $.50 par value

Direct

F · Tax Withholding

−155.00

Price / share

$49.08

Trade value

$7.61K

% of position

0.9%

4/1/2021

18.03K→17.87K

Total

Net shares

+195.00

Net value

-$7.61K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $.50 par value Direct	4/1/2021	M · Option Exercise	+350.00	—	—	2.0%	17.68K	18.03K
Common Stock, $.50 par value Direct	4/1/2021	F · Tax Withholding	−155.00	$49.08	$7.61K	0.9%	18.03K	17.87K
Total			+195.00		-$7.61K

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

0.00

Exercisable

—

4/1/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock, $.50 par value350.00 shares	4/1/2021	M · Option Exercise	−350.00	0	—	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

2.34K

Shares owned

2.34K

Exercise price

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Common Stock, $.50 par value

Underlying shares

4.06K

Shares owned

4.06K

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

—

Total

Underlying

31.40K

Owned

31.40K

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
Restricted Stock Units Direct	Common Stock, $.50 par value	0	—	—	4.06K	4.06K
Stock Option (Right to Buy) Direct	Common Stock, $.50 par value	12.00	—	—	25K	25K
Total					31.40K	31.40K