TRANSCAT INC — Director's Dealing 2010

Jun 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2010-05-28

Reporting Person: Hennessy John P. (Vice President of Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-28	Common Stock, $.50 par value	P	2000	$7.06	Acquired	4503	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$6.00	2018-01-29	Common Stock, $.50 par value (10000)	10000	Direct
Stock Option (Right to Buy)	$6.75	2018-05-04	Common Stock, $.50 par value (13110)	13110	Direct

Footnotes

F1: This option was previously reported by Mr. Hennessy. Mr. Hennessy can exercise this option as follows: 2,000 shares on 1/29/10, 2,000 shares on 1/29/11 and 6,000 shares on 1/29/12.

F2: This option was previously reported by Mr. Hennessy. Mr. Hennessy can exercise this option as follows: 2,622 shares on 5/5/10, 2,622 shares on 5/5/11 and 7,866 shares on 5/5/12.