TRANSCAT INC — Director's Dealing 2017

Jan 18, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2016-11-07

Reporting Person: SASSANO CARL E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Stock Option (Right to Buy)	$7.72	D	10000	Disposed	2017-07-30	Common Stock, $.50 par value (10000)	Direct
2017-01-15	Stock Option (Right to Buy)	$7.72	D	10032	Disposed	2017-07-30	Common Stock, $.50 par value (10032)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	86575	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 on November 2, 2016 ($10.15) less the exercise price ($7.72).

F2: This option was redeemed by the Company in a transaction exempt under Rule 16b-3(e) pursuant to a letter agreement dated January 10, 2017 between the Company and Mr. Sassano providing for recurring monthly redemptions. Pursuant to the letter agreement, the redemption price was calculated based on the closing price of the Company's common stock on January 13, 2017 ($10.55) less the exercise price ($7.72).