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TRANSCAT INC Director's Dealing 2006

Aug 17, 2006

32421_dirs_2006-08-17_34ecb287-bec4-4ed2-901b-af0917cacb7b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2006-08-15

Reporting Person: Zimmer John J (VP of Finance and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-08-15 Common Stock, $.50 par value A 1243 Acquired 1243 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-08-15 Stock Option (Right to Buy) $5.80 A 10000 Acquired 2016-08-01 Common Stock, $.50 par value (10000) Direct
2006-08-15 Stock Option (Right to Buy) $5.68 A 2817 Acquired 2016-08-07 Common Stock, $.50 par value (2817) Direct

Footnotes

F1: Restricted Stock Award granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3.

F2: This option was granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. Mr. Zimmer can exercise this option as follows: 3,334 shares on 8/02/07, 3,333 shares on 8/02/08, and 3,333 shares on 8/02/09.

F3: This option was granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. Mr. Zimmer can exercise this option as follows: 939 shares on 8/08/07, 939 shares on 8/08/08, and 939 shares on 8/08/09.