SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Sapient Capital Management, L.L.C. (Last) (First) (Middle) 4020 LAKE CREEK DRIVE P.O. BOX 1590 (Street) WILSON WY 83014 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TRANS1 INC [ TSON ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/22/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

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	10/22/2007		C		1,588,090	A	(1)	1,588,090	I(2)	By Sapient Capital, L.P.
Common Stock	10/22/2007		A		25,000(3)	A	$15(4)	1,613,090	I(2)	By Sapient Capital, L.P.

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 Securities Underlying Derivative Security (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: 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
Series A Convertible Preferred Stock	(5)	10/22/2007		C			393,750	(5)	(1)	Common Stock	393,750	(1)	0	I(2)	By Sapient Capital, L.P.
Series AA Convertible Preferred Stock	(5)	10/22/2007		C			540,000	(5)	(1)	Common Stock	540,000	(1)	0	I(2)	By Sapient Capital, L.P.
Series B Convertible Preferred Stock	(5)	10/22/2007		C			409,090	(5)	(1)	Common Stock	409,090	(1)	0	I(2)	By Sapient Capital, L.P.
Series C Convertible Preferred Stock	(5)	10/22/2007		C			245,250	(5)	(1)	Common Stock	245,250	(1)	0	I(2)	By Sapient Capital, L.P.

1. Name and Address of Reporting Person* Sapient Capital Management, L.L.C. (Last) (First) (Middle) 4020 LAKE CREEK DRIVE P.O. BOX 1590 (Street) WILSON WY 83014 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SAPIENT CAPITAL LP (Last) (First) (Middle) 4020 LAKE CREEK DRIVE P.O. BOX 1590 (Street) WILSON WY 83014 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Sapient Capital Management, L.P. (Last) (First) (Middle) 4020 LAKE CREEK DRIVE P.O. BOX 1590 (Street) WILSON WY 83014 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Not applicable.

2. The reported securities are owned directly by Sapient Capital, L.P. and indirectly by Sapient Capital Management, L.P., as general partner of Sapient Capital, L.P. and Sapient Capital Management, L.L.C., as general partner of Sapient Capital Management, L.P., and Mitchell Dann, a director of the Issuer, as a managing member of Sapient Capital Management, L.L.C. Each of Sapient Capital Management, L.P., Sapient Capital Management, L.L.C. and Mitchell Dann disclaims beneficial ownership of these securities except to the extent of their respective pecunairy interest therein.

3. This amount represents the number of shares purchased by the Reporting Persons in the Issuer's initial public offering of common stock.

4. This amount reflects the purchase price of the common stock in the Issuer's initial public offering.

5. The reported securities automatically converted into shares of Common Stock on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering on October 22, 2007.

Remarks:

The Date of Event is based upon the closing date of the Issuer's initial public offering of common stock. See Exhibit 99.1 - Joint Filer Information. EXHIBIT LIST: Exhibit 99.1 - Joint Filer Information

	/s/ Mitchell Dann	10/22/2007
	Mitchell Dann	10/22/2007
	Mitchell Dann	10/22/2007
	** Signature of Reporting Person	Date
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