TRANSCAT INC — Director's Dealing 2010

May 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2010-05-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-25	Common Stock, $.50 par value	S	100	$6.80	Disposed	210824	Direct
2010-05-25	Common Stock, $.50 par value	S	900	$6.755	Disposed	209924	Direct
2010-05-25	Common Stock, $.50 par value	S	500	$6.7501	Disposed	209424	Direct
2010-05-25	Common Stock, $.50 par value	S	11603	$6.75	Disposed	197821	Direct
2010-05-25	Common Stock, $.50 par value	S	100	$6.70	Disposed	197721	Direct
2010-05-25	Common Stock, $.50 par value	S	200	$6.60	Disposed	197521	Direct
2010-05-25	Common Stock, $.50 par value	S	400	$6.55	Disposed	197121	Direct
2010-05-25	Common Stock, $.50 par value	S	500	$6.52	Disposed	196621	Direct
2010-05-25	Common Stock, $.50 par value	S	600	$6.51	Disposed	196021	Direct
2010-05-25	Common Stock, $.50 par value	S	600	$6.505	Disposed	195421	Direct
2010-05-25	Common Stock, $.50 par value	S	200	$6.5001	Disposed	195221	Direct

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: This option was previously reported by Mr. Sassano.

F2: 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.