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: 2008-06-12

Reporting Person: RAND JAYNE K (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-12	Common Stock	S	100	$3.84	Disposed	148916	Direct
2008-06-12	Common Stock	S	300	$3.83	Disposed	148616	Direct
2008-06-12	Common Stock	S	200	$3.76	Disposed	148416	Direct
2008-06-12	Common Stock	S	100	$3.79	Disposed	148316	Direct
2008-06-12	Common Stock	S	18	$3.78	Disposed	148298	Direct
2008-06-12	Common Stock	S	300	$3.75	Disposed	147998	Direct
2008-06-12	Common Stock	S	100	$3.76	Disposed	147898	Direct
2008-06-12	Common Stock	S	400	$3.75	Disposed	147498	Direct
2008-06-12	Common Stock	S	100	$3.63	Disposed	147398	Direct
2008-06-12	Common Stock	S	1420	$3.60	Disposed	145978	Direct
2008-06-12	Common Stock	S	1500	$3.68	Disposed	144478	Direct
2008-06-12	Common Stock	S	300	$3.61	Disposed	144178	Direct
2008-06-12	Common Stock	S	200	$3.60	Disposed	143978	Direct