SEC Form 4 · accession 0000891839-17-000137
TRANSCAT INC · TRNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A. Flack
Officer — VP Service Sales & Operations
Period of report
May 15, 2017
Accepted (ET)
Oct 16, 2017 · 6:02 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 | May 15, 2017 | A | 4,741 | $0.00 | A | 11,919 | D | |
| Common Stock, $.50 par valueF2 | May 15, 2017 | F | 1,017 | $12.35 | D | 10,902 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were awarded to Mr. Flack upon the vesting of a performance-based restricted stock award granted to him under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying the award vest after three years subject to the Company achieving specific cumulative fully-diluted earnings per share (EPS) objectives over the eligible three-year period ending in fiscal year 2017. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Flack's award vested with respect to 4,741 shares.
- F2These shares were withheld to cover related tax withholding obligations.