TRANSCAT INC — Director's Dealing 2007

Aug 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2007-08-16

Reporting Person: KLIMASEWSKI ROBERT G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-16	Common Stock, $.50 par value	M	4000	$.97	Acquired	11660	Direct
2007-08-16	Common Stock, $.50 par value	M	4000	$2.31	Acquired	15660	Direct
2007-08-16	Common Stock, $.50 par value	M	2680	$2.88	Acquired	18340	Direct
2007-08-16	Common Stock, $.50 par value	M	1340	$4.26	Acquired	19680	Direct
2007-08-20	Common Stock, $.50 par value	M	1320	$2.88	Acquired	21000	Direct
2007-08-20	Common Stock, $.50 par value	M	1340	$4.26	Acquired	22340	Direct
2007-08-20	Common Stock, $.50 par value	M	804	$5.80	Acquired	23144	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-16	Warrant (Right to Buy)	$.97	M	4000	Disposed	2007-08-19	Common Stock, par value $.50 per share (4000)	Direct
2007-08-16	Warrant (Right to Buy)	$2.31	M	4000	Disposed	2008-08-19	Common Stock, par value $.50 per share (4000)	Direct
2007-08-16	Warrant (Right to Buy)	$2.88	M	2680	Disposed	2009-08-17	Common Stock, par value $.50 per share (2680)	Direct
2007-08-16	Warrant (Right to Buy)	$4.26	M	1340	Disposed	2010-08-16	Common Stock, par value $.50 per share (1340)	Direct
2007-08-20	Warrant (Right to Buy)	$2.88	M	1320	Disposed	2009-08-17	Common Stock, par value $.50 per share (1320)	Direct
2007-08-20	Warrant (Right to Buy)	$4.26	M	1340	Disposed	2010-08-16	Common Stock, par value $.50 per share (1340)	Direct
2007-08-20	Warrant (Right to Buy)	$5.80	M	804	Disposed	2011-08-15	Common Stock, par value $.50 per share (804)	Direct

Footnotes

F1: Mr. Klimasewski has elected to defer receipt of 5,066 of these shares, all of which are credited to his participant stock account under the Transcat, Inc. Amended and Restated Directors' Stock Plan, until the expiration of the deferral period, at which time the shares will be issued to him pursuant to the terms of his prior election.

F2: This non-transferable warrant was previously reported by Mr. Klimasewski.

F3: This non-transferable warrant was previously reported by Mr. Klimasewski. Mr. Klimasewski can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/18/04 grant date.

F4: This non-transferable warrant was previously reported by Mr. Klimasewski. Mr. Klimasewski can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/17/05 grant date.

F5: This non-transferable warrant was previously reported by Mr. Klimasewski. Mr. Klimasewski can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/16/06 grant date.