SEC Form 4 · accession 0000891839-15-000081
TRANSCAT INC · TRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee D. Rudow
Officer — President and CEO
Period of report
Aug 4, 2015
Accepted (ET)
Aug 5, 2015 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000099302
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.50 par valueF1 | Aug 4, 2015 | M | 1,000 | $7.57 | A | 43,379 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $7.57 | Aug 4, 2015 | M | 1,000 | D | — | Jul 30, 2023 | Common Stock, $.50 par value | 1,000 | 99,000 | D |
Explanation of responses
- F1Includes 618 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.
- F2This option was previously reported by Mr. Rudow. This report corrects the vesting schedule reported by Mr. Rudow in prior reports. Mr. Rudow can exercise this option as follows: 20,000 shares on 7/30/15, 20,000 shares on 7/30/16, and 60,000 shares on 7/30/17.