SEC Form 4 · accession 0000891839-17-000045
TRANSCAT INC · TRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles P Hadeed
Officer — Chairman of the Board · Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 9, 2017 · 4:26 pm EST
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 value | holding | — | — | — | 82,772 | 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)F1 | $7.72 | Mar 8, 2017 | D | 48,128 | D | Jul 30, 2011 | Jul 30, 2017 | Common Stock, $.50 par value | 48,128 | 0 | D |
Explanation of responses
- F1This option was redeemed by the Company under the terms of the Transcat, Inc. 2003 Incentive Plan, as Amended and Restated, in a transaction exempt under Rule 16b-3(e). The redemption price was calculated based on the closing price of the Company's common stock on March 8, 2017 ($12.60) less the exercise price ($7.72).