TRANSCAT INC — Director's Dealing 2009

Nov 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2009-11-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-02	Common Stock, $.50 par value	S	100	$6.5001	Disposed	220824	Direct
2009-11-02	Common Stock, $.50 par value	S	858	$6.50	Disposed	219966	Direct
2009-11-03	Common Stock, $.50 par value	S	614	$6.25	Disposed	219352	Direct
2009-11-04	Common Stock, $.50 par value	S	825	$6.08	Disposed	218527	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	0	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: Mr. Sassano no longer has a reportable beneficial interest in the 3,000 shares owned for the benefit of his son and included in prior ownership reports.

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: 12,032 shares on 7/30/09, 12,032 shares on 7/30/10 and 36,096 shares on 7/30/11.