TRANSCAT INC — Director's Dealing 2007

Aug 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2007-07-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock, $.50 par value	A	3389	—	Acquired	3531	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-30	Stock Option (Right to Buy)	$7.72	A	30080	Acquired	2017-07-30	Common Stock, $.50 par value (30080)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$5.80	2016-08-02	Common Stock, $.50 par value (10000)	10000	Direct

Footnotes

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

F2: Includes 142 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between January 2007 and June 2007.

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

F4: 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: 6,016 shares on 7/30/09, 12,032 shares on 7/30/10 and 12,032 shares on 7/30/11.