XNAS:TRNS Transcat Inc Insider Activity 4 Filing - 5/21/2012

Effective Date 5/21/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HADEED CHARLES P
  2. Issuer Name and Ticker or Trading Symbol
TRANSCAT INC [TRNS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2012
(Street)

ROCHESTER, NY 14624
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.50 par value 05/21/2012   A(1)   25,129(1) A $ 0 128,689 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $2.89(2)             10/18/2007 10/18/2014 Common Stock, $.50 par value 20,000(2)   20,000(2) D  
Stock Option (Right to Buy) $4.26(2)             08/16/2008 08/16/2015 Common Stock, $.50 par value 6,103(2)   6,103(2) D  
Stock Option (Right to Buy) $5.68(2)             08/08/2009 08/08/2016 Common Stock, $.50 par value 7,042(2)   7,042(2) D  
Stock Option (Right to Buy) $5.24(2)             04/10/2010 04/10/2017 Common Stock, $.50 par value 100,000(2)   100,000(2) D  
Stock Option (Right to Buy) $7.72(2)             07/30/2011 07/30/2017 Common Stock, $.50 par value 48,128(2)   48,128(2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HADEED CHARLES P
C/O TRANSCAT, INC.
35 VANTAGE POINT DRIVE
ROCHESTER, NY 14624
  X     President and CEO  

Signatures

 /s/ Charles P. Hadeed   05/23/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares were awarded to Mr. Hadeed upon the vesting of a performance-based restricted stock award granted to him on 4/6/09 under the Transcat, Inc. 2003 Incentive Plan in a transaction exempt under Rule 16b-3. The shares underlying the award vest after three years subject to the Company achieving specific cumulative fully-diluted earnings per share (EPS) objectives over the eligible three-year period ending in fiscal year 2012. Based on the Company's achievement of certain pre-determined EPS thresholds, Mr. Hadeed's award vested with respect to 25,129 shares.
(2) This option was previously reported by Mr. Hadeed.

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XNAS:TRNS Transcat Inc Insider Activity 4 Filling

Transcat Inc XNAS:TRNS Stock - Get Insider Activity SEC Filing of Transcat Inc XNAS:TRNS stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:TRNS Transcat Inc Insider Activity 4 Filing - 5/21/2012
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