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TRANSCAT INC Director's Dealing 2007

Apr 12, 2007

32421_dirs_2007-04-12_f360da2d-b75c-4fb4-b357-3f2f86895bc7.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2007-03-31

Reporting Person: HADEED CHARLES P (President and COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-03-01 Common Stock, $.50 par value G 200 Disposed 87003 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $2.20 2013-10-28 Common Stock, $.50 par value (20000) 20000 Direct
Stock Option (Right to Buy) $2.89 2014-10-18 Common Stock, $.50 par value (20000) 20000 Direct
Stock Option (Right to Buy) $4.26 2015-08-16 Common Stock, $.50 par value (6103) 6103 Direct
Stock Option (Right to Buy) $5.68 2016-08-08 Common Stock, $.50 par value (7042) 7042 Direct

Footnotes

F1: Includes 79 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between January 2007 and March 2007.

F2: This option was previously reported by Mr. Hadeed.

F3: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 6,667 shares on 10/18/05, 6,667 shares on 10/18/06, and 6,666 shares on 10/18/07.

F4: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 2,035 shares on 8/16/06, 2,034 shares on 8/16/07, and 2,034 shares on 8/16/08.

F5: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 2,348 shares on 8/08/07, 2,347 shares on 8/08/08, and 2,347 shares on 8/08/09.