X0202 4 2006-08-10 0000099302 TRANSCAT INC TRNS 0001231772 BRADLEY FRANCIS R C/O TRANSCAT, INC. 35 VANTAGE POINT DRIVE ROCHESTER NY 14624 1 0 0 0 Common Stock, $.50 par value 2006-08-10 4 S 0 2000 5.69 D 17998 D Warrant (Right to Buy) 2.00 2005-08-22 2006-08-21 Common Stock, par value $.50 per share 4000 4000 D Warrant (Right to Buy) .97 2007-08-19 Common Stock, par value $.50 per share 4000 4000 D Warrant (Right to Buy) 2.31 2008-08-19 Common Stock, par value $.50 per share 4000 4000 D Warrant (Right to Buy) 2.88 2009-08-17 Common Stock, par value $.50 per share 4000 4000 D Warrant (Right to Buy) 4.26 2010-08-16 Common Stock, par value $.50 per share 4000 4000 D Mr. Bradley has elected to defer receipt of 5,599 of these shares, all of which are credited to his participant stock account under the Transcat, Inc. Amended and Restated Directors' Stock Plan, until the expiration of the deferral period, at which time the shares will be issued to him pursuant to the terms of his prior election. This non-transferable warrant was previously reported by Mr. Bradley. This non-transferable warrant was previously reported by Mr. Bradley. Mr. Bradley 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 warrant becomes exercisable on 8/20/06. This non-transferable warrant was previously reported by Mr. Bradley. Mr. Bradley can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/20/03 grant date. This non-transferable warrant was previously reported by Mr. Bradley. Mr. Bradley can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/18/04 grant date. This non-transferable warrant was previously reported by Mr. Bradley. Mr. Bradley can exercise this warrant pro rata with respect to one-third of the shares subject to the warrant on the first, second and third anniversaries of the 8/17/05 grant date. /s/ Ebony S. Robinson, Attorney-in-fact for Francis R. Bradley 2006-08-14