X0201 42003-11-03 0000099302 TRANSCAT INC TRNS 0001231773 HESSLER NANCY D C/O TRANSCAT, INC. 35 VANTAGE POINT DRIVE ROCHESTER NY 14624 1000Common Stock, $.50 par value2003-11-034S033652.64D31534DCommon Stock, $.50 par value2003-11-034S01002.68D31434DCommon Stock, $.50 par value2003-11-034S01002.69D31334DCommon Stock, $.50 par value2003-11-034S02002.75D31134DCommon Stock, $.50 par value2003-11-034S02002.79D30934DCommon Stock, $.50 par value2003-11-034S01002.80D30834DCommon Stock, $.50 par value2003-11-034S01002.89D30734DCommon Stock, $.50 par value2003-11-034S05002.90D30234DCommon Stock, $.50 par value2003-11-034S01002.91D30134DCommon Stock, $.50 par value2003-11-034S01352.92D29999DCommon Stock, $.50 par value2003-11-034S01002.99D29899DWarrant (Right to Buy)3.06252003-08-182004-08-17Common Stock, par value $.50 per share40004000DWarrant (Right to Buy)2.90622005-08-15Common Stock, par value $.50 per share40004000DWarrant (Right to Buy)2.002006-08-21Common Stock, par value $.50 per share40004000DWarrant (Right to Buy).972007-08-19Common Stock, par value $.50 per share40004000DWarrant (Right to Buy)2.312008-08-19Common Stock, par value $.50 per share40004000DFor the 10,532 shares awarded to Ms. Hessler under the Directors' Stock Plan between 7/5/01 and 3/31/03, Ms. Hessler has elected to defer receipt of all such shares so awarded until the expiration of the deferral period applicable to such shares, at which time the shares will be issued pursuant to the terms of her prior election.This non-transferable warrant was previously reported by Ms. Hessler.This non-transferable warrant was previously reported by Ms. Hessler. Ms. Hessler can exercise this warrant in cumulative increments of 1,000 shares after each of the following dates, providing the market price of the Company's Common Stock meets or exceeds, for 20 of 30 consecutive trading days, the following respective amounts: 8/16/00--$5.50; 1/1/01--$7.50; 1/1/02--$10.50; 1/1/03--$15.00; to the extent such market price requirements are not satisfied, the balance of the warrant becomes exercisable on 8/16/04.This non-transferable warrant was previously reported by Ms. Hessler. Ms. Hessler can exercise this warrant in cumulative increments of 1,000 shares after each of the following dates, providing the market price of the Company's Common Stock meets or exceeds, for 20 of 30 consecutive trading days, the following respective amounts: 8/22/01--$3.50; 1/1/02--$6.00; 1/1/03--$9.00; 1/1/04--$13.50; to the extent such market price requirements are not satisfied, the balance of the warrant becomes exercisable on 8/22/05.This non-transferable warrant was previously reported by Ms. Hessler. Ms. Hessler can exercise this warrant in cumulative increments of 1,000 shares after each of the following dates, providing the market price of the Company's Common Stock meets or exceeds, for 20 of 30 consecutive trading days, the following respective amounts: 8/20/02--$2.25; 1/1/03--$3.50; 1/1/04--$5.25; 1/1/05--$7.50; to the extent such market price requirements are not satisfied, the balance of the option becomes exercisable on 8/20/06.This non-transferable warrant was previously reported by Ms. Hessler. Ms. Hessler can exercise this warrant in cumulative increments of 1,000 shares after each of the following dates, providing the market price of the Company's Common Stock meets or exceeds, for 20 of 30 consecutive trading days, the following respective amounts: 8/20/03--$3.50; 1/1/04--$5.00; 1/1/05--$6.50; 1/1/06--$7.00; to the extent such market price requirements are not satisfied, the balance of the option becomes exercisable on 8/20/07.Nancy D. Hessler2003-11-04