RAND CAPITAL CORP - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2008-11-06

Reporting Person: RAND JAYNE K (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-06	Common Stock	S	100	$3.30	Disposed	143878	Direct
2008-11-06	Common Stock	S	300	$3.29	Disposed	143578	Direct
2008-11-06	Common Stock	S	700	$3.26	Disposed	142878	Direct
2008-11-06	Common Stock	S	798	$3.25	Disposed	142080	Direct
2008-11-06	Common Stock	S	300	$3.33	Disposed	141780	Direct
2008-11-06	Common Stock	S	200	$3.27	Disposed	141580	Direct
2008-11-06	Common Stock	S	600	$3.15	Disposed	140980	Direct
2008-11-06	Common Stock	S	300	$3.17	Disposed	140680	Direct
2008-11-06	Common Stock	S	702	$3.02	Disposed	139978	Direct
2008-11-06	Common Stock	S	200	$3.04	Disposed	139778	Direct
2008-11-06	Common Stock	S	198	$3.03	Disposed	139580	Direct
2008-11-06	Common Stock	S	102	$3	Disposed	139478	Direct