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TRANSCAT INC Director's Dealing 2007

Jun 7, 2007

32421_dirs_2007-06-07_500f4269-eb89-46fd-ab96-822622facb52.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: 2007-05-23

Reporting Person: MURPHY CORNELIUS J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-23 Common Stock, $.50 par value S 1900 $5.6311 Disposed 73228 Direct
2007-05-24 Common Stock, $.50 par value S 28100 $5.3581 Disposed 45128 Direct
2007-06-05 Common Stock, $.50 par value M 1000 $.97 Acquired 46128 Direct
2007-06-05 Common Stock, $.50 par value M 4000 $2.31 Acquired 50128 Direct
2007-06-05 Common Stock, $.50 par value M 2680 $2.88 Acquired 52808 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-05 Warrant (Right to Buy) $.97 M 1000 Disposed 2007-08-19 Common Stock, par value $.50 per share (1000) Direct
2007-06-05 Warrant (Right to Buy) $2.31 M 4000 Disposed 2008-08-19 Common Stock, par value $.50 per share (4000) Direct
2007-06-05 Warrant (Right to Buy) $2.88 M 2680 Disposed 2009-08-17 Common Stock, par value $.50 per share (2680) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Warrant (Right to Buy) $4.26 2010-08-16 Common Stock, par value $.50 per share (4000) 4000 Direct
Warrant (Right to Buy) $5.80 2011-08-15 Common Stock, par value $.50 per share (2400) 2400 Direct

Footnotes

F1: This non-transferable warrant was previously reported by Mr. Murphy.

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

F3: This non-transferable warrant was previously reported by Mr. Murphy. Mr. Murphy 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.

F4: This non-transferable warrant was previously reported by Mr.Murphy. Mr. Murphy 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.