RAND CAPITAL CORP — Director's Dealing 2007

Apr 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2007-03-07

Reporting Person: GRUM ALLEN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-07	Common Stock	G	500	—	Disposed	73128	Direct

Footnotes

F1: Transaction voluntarily reported earlier than required.