0001567619-22-006398.txt : 20220304 0001567619-22-006398.hdr.sgml : 20220304 20220304172045 ACCESSION NUMBER: 0001567619-22-006398 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220302 FILED AS OF DATE: 20220304 DATE AS OF CHANGE: 20220304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHULDMAN BART C CENTRAL INDEX KEY: 0001245706 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21121 FILM NUMBER: 22715298 MAIL ADDRESS: STREET 1: 6700 PARADISE ROAD, SUITE D CITY: LAS VEGAS STATE: NV ZIP: 89119 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSACT TECHNOLOGIES INC CENTRAL INDEX KEY: 0001017303 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 061456680 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE HAMDEN CENTER STREET 2: 2319 WHITNEY AVENUE, SUITE 3B CITY: HAMDEN STATE: CT ZIP: 06518 BUSINESS PHONE: 203-859-6800 MAIL ADDRESS: STREET 1: ONE HAMDEN CENTER STREET 2: 2319 WHITNEY AVENUE, SUITE 3B CITY: HAMDEN STATE: CT ZIP: 06518 4 1 doc1.xml FORM 4 X0306 4 2022-03-02 0 0001017303 TRANSACT TECHNOLOGIES INC TACT 0001245706 SHULDMAN BART C 6700 PARADISE ROAD SUITE D LAS VEGAS NV 89119 1 1 0 0 Chairman and CEO Common Stock 2022-03-02 4 M 0 4918 0.00 A 104855 D Common Stock 2022-03-04 4 M 0 2621 0.00 A 107476 D Common Stock 4800 I Daughters Common Stock 3750 I Mother Common Stock 1500 I Spouse Stock Option 9.10 2022-03-02 4 A 0 48600 9.10 A 2023-03-02 2032-03-02 Common Stock 48600 48600 D Restricted Stock Units 2022-03-02 4 A 0 17400 0.00 A Common Stock 17400 17400 D Performance Stock Units 2022-03-02 4 M 0 7270 0.00 D Common Stock 7270 14539 D Restricted Stock Units 2022-03-04 4 M 0 3875 0.00 D Common Stock 3875 11625 D Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary date of the grant. The Restricted Stock Units convert to common stock on a one-for-one basis. The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ending December 31, 2021. The performance criteria was satisfied at the 82.6% level, which resulted in a payout of 56.5% of the PSAs granted during 2021. Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis. Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on March 2, 2022 in order to pay the required income and payroll taxes. Mr. Shuldman relinquished 1,254 shares of common stock of the 3,875 restricted stock units that converted to common stock on March 4, 2022 in order to pay the required income and payroll taxes. Steve A. DeMartino, Attorney-in-fact 2022-03-04