TRANSCAT INC — Director's Dealing 2013

Sep 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2013-09-10

Reporting Person: Rudow Lee D. (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-10	Stock Option (Right to Buy)	$7.57	A	100000	Acquired	2023-07-30	Common Stock, $.50 par value (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	21858	Direct

Footnotes

F1: Includes 1,158 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

F2: This option was granted on 7/30/13 under the Transcat, Inc. 2003 Incentive Plan, as Amended and Restated (the "Incentive Plan") in a transaction exempt under Rule 16b-3, subject to shareholder approval of an amendment to the Incentive Plan. The Company's shareholders approved the amendment at the Annual Meeting held on 9/10/13. Mr. Rudow can exercise this option as follows: 20,000 shares on 9/10/15, 20,000 shares on 9/10/16, and 60,000 shares on 9/10/17 at $7.57 per share, which was the closing price of the Company's common stock on 7/30/13.