TRANSCAT INC

Ticker: TRNS CUSIP: 893529107 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 13,649 Value ($000) $125 Avg Close $9.51 Range $8.60 - $10.90

Q2 2014

Shares 17,649 Value ($000) $181 Avg Close $9.54 Range $8.32 - $10.36

Q1 2014

Shares 19,649 Value ($000) $184 Avg Close $8.92 Range $7.61 - $9.85

Q4 2013

Shares 19,649 Value ($000) $157 Avg Close $8.02 Range $7.24 - $9.06

Q3 2013

Shares 12,149 Value ($000) $95 Avg Close $7.74 Range $6.41 - $8.92

Q2 2013

Shares 10,149 Value ($000) $69 Avg Close $6.62 Range $5.65 - $8.19

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	13,649	$125	$9.51	$8.60 - $10.90
Q2 2014	17,649	$181	$9.54	$8.32 - $10.36
Q1 2014	19,649	$184	$8.92	$7.61 - $9.85
Q4 2013	19,649	$157	$8.02	$7.24 - $9.06
Q3 2013	12,149	$95	$7.74	$6.41 - $8.92
Q2 2013	10,149	$69	$6.62	$5.65 - $8.19