TRANSCAT INC — Director's Dealing 2008

Nov 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2008-11-04

Reporting Person: SASSANO CARL E (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-04	Common Stock, $.50 par value	S	2537	$7.50	Disposed	244813	Direct
2008-11-05	Common Stock, $.50 par value	S	6000	$7.50	Disposed	238813	Direct
2008-11-06	Common Stock, $.50 par value	S	108	$7.50	Disposed	238705	Direct
2008-11-07	Common Stock, $.50 par value	S	203	$7.50	Disposed	238502	Direct
2008-11-10	Common Stock, $.50 par value	S	166	$7.50	Disposed	238336	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	3000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$4.26	2015-08-16	Common Stock, $.50 par value (10895)	10895	Direct
Stock Option (Right to Buy)	$5.68	2016-08-08	Common Stock, $.50 par value (8803)	8803	Direct
Stock Option (Right to Buy)	$7.72	2017-07-31	Common Stock, $.50 par value (60160)	60160	Direct

Footnotes

F1: These shares are held by Mr. Sassano as custodian for his son.

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

F3: This option was previously reported by Mr. Sassano. Mr. Sassano can exercise this option as follows: 2,935 shares on 8/08/07, 2,934 shares on 8/08/08, and 2,934 shares on 8/08/09.

F4: This option was previously reported by Mr. Sassano. Mr. Sassano can exercise this option as follows: 12,032 shares on 7/30/09, 12,032 shares on 7/30/10 and 36,096 shares on 7/30/11.