SEC Form 4 · accession 0000891839-17-000050
TRANSCAT INC · TRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl E Sassano
Director
Period of report
Apr 15, 2017
Accepted (ET)
Apr 18, 2017 · 4:26 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 value | holding | — | — | — | 86,575 | 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 | Apr 15, 2017 | D | 10,032 | D | Jul 30, 2011 | Jul 30, 2017 | Common Stock, $.50 par value | 10,032 | 10,032 | D |
Explanation of responses
- F1This option was redeemed by the Company in a transaction exempt under Rule 16b-3(e) pursuant to a letter agreement dated January 10, 2017 between the Company and Mr. Sassano providing for recurring monthly redemptions. Pursuant to the letter agreement, the redemption price was calculated based on the closing price of the Company's common stock on April 13, 2017 ($12.10) less the exercise price ($7.72).