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TRANSCAT INC Director's Dealing 2008

May 7, 2008

32421_dirs_2008-05-07_cfa94fe2-1d54-4a3a-8447-81ad41c4cf3e.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: HADEED CHARLES P (Director, President, CEO and COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-09-25 Common Stock, $.50 par value G 600 Disposed 91954 Direct
2008-05-05 Common Stock, $.50 par value A 20000 Acquired 112090 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
Stock Option (Right to Buy) $5.24 2017-04-10 Common Stock, $.50 par value (100000) 100000 Direct
Stock Option (Right to Buy) $7.72 2017-07-30 Common Stock, $.50 par value (48128) 48128 Direct

Footnotes

F1: Includes shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between July 2007 and September 2007.

F2: Restricted Stock Award granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3.

F3: Includes shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between October 2007 and April 2008.

F4: This option was previously reported by Mr. Hadeed.

F5: 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.

F6: 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.

F7: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 33,334 shares on 4/10/08, 33,333 shares on 4/10/09, and 33,333 shares on 4/10/10.

F8: This option was previously reported by Mr. Hadeed. Mr. Hadeed can exercise this option as follows: 9,625 shares on 7/30/09, 9,625 shares on 7/30/10 and 28,878 shares on 7/30/11.