TRANSCAT INC — Director's Dealing 2006

Aug 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2006-08-08

Reporting Person: SASSANO CARL E (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-08	Common Stock, $.50 par value	S	750	$5.79	Disposed	251373	Direct
2006-08-08	Common Stock, $.50 par value	S	2400	$5.69	Disposed	248973	Direct
2006-08-08	Common Stock, $.50 par value	S	1850	$5.65	Disposed	247123	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	3000	Indirect
Common Stock, $.50 par value	0	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$1.00	2007-04-29	Common Stock, $.50 par value (50000)	50000	Direct
Stock Option (Right to Buy)	$4.26	2015-08-15	Common Stock, $.50 par value (10895)	10895	Direct

Footnotes

F1: These shares are owned by Mr. Sassano's wife as custodian for their minor son. Mr. Sassano disclaims beneficial ownership of these shares.

F2: Mr. Sassano no longer has a reportable beneficial interest in 3,000 shares owned by his daughter and included in his prior ownership reports.

F3: This option was previously reported by Mr. Sassano.

F4: This option was previously reported by Mr. Sassano. Mr. Sassano can exercise this option as follows: 3,632 shares on 8/16/06, 3,632 shares on 8/16/07, and 3,631 shares on 8/16/08.