SEC Form 4 · accession 0001017303-16-000072
TRANSACT TECHNOLOGIES INC · TACT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bart C Shuldman
Officer — Chairman and CEO · Director
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001017303
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 2,500 | D | ||
| Common Stock | holding | — | — | — | 4,800 | I | Daughters | |
| Common Stock | holding | — | — | — | 3,750 | I | Mother | |
| Common Stock | holding | — | — | — | 1,500 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $7.17 | Feb 25, 2016 | A | 98,200 | A | Feb 25, 2017 | Feb 25, 2026 | Common Stock | 98,200 | 98,200 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 25, 2016 | A | 16,800 | A | — | — | Common Stock | 16,800 | 16,800 | D |
| Deferred Stock UnitsF4,F5 | — | Feb 25, 2016 | A | 19,657 | A | — | — | Common Stock | 19,657 | 54,370 | D |
Explanation of responses
- F1Grant of non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary of the date of grant.
- F2The Restricted Stock Units convert to common stock on a one-for-one basis.
- F3The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Unit vests 25% per year on each anniversary of the date of grant.
- F4The Deferred Stock Units convert to common stock on a one-for-one basis.
- F5The Deferred Stock units were issued pursuant to the Company's 2014 Equity Incentive Plan. Upon the earlier of (i) February 25, 2019, (ii) a change in control event as defined in section 401A of the IRS code and (iii) the date of the Reporting Person's separation of service from the Company, the Company shall transfer to the Reporting Person one share of common stock for each Deferred Stock Unit held by the Reporting Person.