RAND CAPITAL CORP — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2014-02-27

Reporting Person: PENBERTHY DANIEL P (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-27	Common Stock	P	150	$3.17	Acquired	62950	Direct
2014-02-27	Common Stock	P	100	$3.19	Acquired	63050	Direct
2014-02-27	Common Stock	P	100	$3.21	Acquired	63150	Direct
2014-02-27	Common Stock	P	550	$3.22	Acquired	63700	Direct
2014-02-27	Common Stock	P	100	$3.23	Acquired	63800	Direct
2014-02-27	Common Stock	P	2455	$3.24	Acquired	66255	Direct
2014-02-27	Common Stock	P	200	$3.25	Acquired	66455	Direct
2014-02-28	Common Stock	P	100	$3.39	Acquired	66555	Direct
2014-02-28	Common Stock	P	1245	$3.40	Acquired	67800	Direct