<SEC-DOCUMENT>0001567619-22-006398.txt : 20220304
<SEC-HEADER>0001567619-22-006398.hdr.sgml : 20220304
<ACCEPTANCE-DATETIME>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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <documentType>4</documentType>

    <periodOfReport>2022-03-02</periodOfReport>

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    <issuer>
        <issuerCik>0001017303</issuerCik>
        <issuerName>TRANSACT TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>TACT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
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            <rptOwnerCik>0001245706</rptOwnerCik>
            <rptOwnerName>SHULDMAN BART C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6700 PARADISE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE D</rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89119</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and CEO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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            <ownershipNature>
                <directOrIndirectOwnership>
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                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Mother</value>
                </natureOfOwnership>
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        <nonDerivativeHolding>
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                <value>Common Stock</value>
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                    <value>Spouse</value>
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        </nonDerivativeHolding>
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    <derivativeTable>
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            <securityTitle>
                <value>Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            </conversionOrExercisePrice>
            <transactionDate>
                <value>2022-03-02</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>48600</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.10</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2023-03-02</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2032-03-02</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>48600</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>48600</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
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            <transactionDate>
                <value>2022-03-02</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>17400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
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            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>17400</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
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                </directOrIndirectOwnership>
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                <value>Restricted Stock Units</value>
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            <conversionOrExercisePrice>
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                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
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                <underlyingSecurityTitle>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="F2">The Restricted Stock Units convert to common stock on a one-for-one basis.</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">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.</footnote>
        <footnote id="F5">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.</footnote>
        <footnote id="F6">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.</footnote>
        <footnote id="F7">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Steve A. DeMartino, Attorney-in-fact</signatureName>
        <signatureDate>2022-03-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
