TRANSCAT INC — Director's Dealing 2015

Aug 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2015-08-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-04	Common Stock, $.50 par value	M	1000	$7.57	Acquired	43379	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-04	Stock Option (Right to Buy)	$7.57	M	1000	Disposed	2023-07-30	Common Stock, $.50 par value (1000)	Direct

Footnotes

F1: Includes 618 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

F2: This option was previously reported by Mr. Rudow. This report corrects the vesting schedule reported by Mr. Rudow in prior reports. Mr. Rudow can exercise this option as follows: 20,000 shares on 7/30/15, 20,000 shares on 7/30/16, and 60,000 shares on 7/30/17.