TRANSCAT INC — Director's Dealing 2011

Jan 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2010-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-25	Common Stock, $.50 par value	M	4000	$5.80	Acquired	20060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-25	Stock Option (Right to Buy)	$5.80	M	4000	Disposed	2016-08-02	Common Stock, $.50 par value (4000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$7.72	2017-07-30	Common Stock, $.50 par value (30080)	30080	Direct

Footnotes

F1: Includes 1,350 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan between June 2009 and December 2010.

F2: This option was previously reported by Mr. Zimmer.

F3: 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.