TRANSCAT INC — Director's Dealing 2015

May 8, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2015-03-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-16	Common Stock, $.50 par value	G	50	—	Disposed	36189	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$7.57	2023-07-30	Common Stock, $.50 par value (100000)	100000	Direct

Footnotes

F1: Includes 2,027 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

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