TRANSCAT INC — Director's Dealing 2017

Jan 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRANSCAT INC (TRNS)
CIK: 0000099302
Period of Report: 2016-12-30

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-30	Stock Option (Right to Buy)	$5.24	D	30000	Disposed	2017-04-10	Common Stock, $.50 par value (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.50 par value	82772	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 ($10.80) less the exercise price ($5.24).

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