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TRANSCAT INC Director's Dealing 2008

May 7, 2008

32421_dirs_2008-05-07_8f3d9182-b4cf-4054-bd75-bdf9d59b2e41.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: 2008-05-05

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-05 Common Stock, $.50 par value A 6000 Acquired 9571 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
Stock Option (Right to Buy) $7.72 2017-07-30 Common Stock, $.50 par value (30080) 30080 Direct

Footnotes

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

F2: Includes 40 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between July 2007 and August 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 previously reported by Mr. Zimmer. Mr. Zimmer can exercise this option as follows: 6,016 shares on 7/30/09, 6,016 shares on 7/30/10 and 18,048 shares on 7/30/11.