TRANSCAT INC — Director's Dealing 2017

Jun 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2017-06-19

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-19	Stock Option (Right to Buy)	$12.00	A	50000	Acquired	2022-06-19	Common Stock, $.50 par value (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	61930	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 (99000)	99000	Direct

Footnotes

F1: Includes 1,206 shares acquired under the Transcat, Inc. Employees' Stock Purchase Plan.

F2: This option was granted under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3 and vests immediately.

F3: This option was previously reported by Mr. Rudow and is exercisable as follows: 20,000 shares on 7/30/2015, 20,000 shares on 7/30/2016, and 60,000 shares on 7/30/2017.