TRANSCAT INC — Director's Dealing 2016

Jan 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2016-01-27

Reporting Person: HADEED CHARLES P (Director, Chairman of the Board)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-27	Stock Option (Right to Buy)	$5.68	D	7042	Disposed	2016-08-08	Common Stock, $.50 par value (7042)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	102772	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$5.24	2017-04-10	Common Stock, $.50 par value (100000)	100000	Direct
Stock Option (Right to Buy)	$7.72	2017-07-30	Common Stock, $.50 par value (48128)	48128	Direct

Footnotes

F1: This option was redeemed by the Company under the terms of the Transcat, Inc. 2003 Incentive Plan, as Amended and Restated, in a transaction exempt under Rule 16b-3(e). The redemption price was calculated based on the closing price of the Company's common stock ($9.48) less the exercise price ($5.68).

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