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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">As filed
with the Securities and Exchange Commission on November 2, 2009<BR>
Registration No.&nbsp;333 - <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 3pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>TOLLGRADE COMMUNICATIONS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt">(Exact name of registrant as specified in its charter)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Pennsylvania</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>25-1537134</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>493 Nixon Road</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Cheswick, Pennsylvania</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>15024</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip code)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Tollgrade Communications, Inc. 2006 Long-Term Incentive Compensation Plan</B><BR>
(Full title of the plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Joseph A. Ferrara<BR>
Chairman, Chief Executive Officer and President<BR>
493 Nixon Road<BR>
Cheswick, Pennsylvania 15024</B><BR>
(Name and address of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(412)&nbsp;820-1400</B><BR>
(Telephone number, including area code, of agent for service)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act):
</DIV>

<TABLE width="100%" style="font-size: 10pt; margin-top: 0pt"><TR><TD>Large accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
<TD align="center">Accelerated filer&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;</TD>
<TD align="center"><BR>Non-accelerated filer&nbsp;<FONT face="Wingdings">&#111;</FONT><BR>(Do not check if a smaller reporting company)</TD><TD align="right">Smaller reporting company&nbsp;<FONT face="Wingdings">&#111;</FONT></TD></TR></TABLE>




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="21" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">securities to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">offering price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">aggregate</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #ffffff">Registered (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">per share (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">offering price (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #ffffff">registration fee(2)</TD>
    <TD>&nbsp;</TD>
</TR>

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    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value $.20</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap colspan="3" align="center" style="border-top: 2px solid #000000">1,500,000 shares (3)</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="2" align="center" style="border-top: 2px solid #000000">$5.81</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="2" align="center" style="border-top: 2px solid #000000">$8,715,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD colspan="2" align="center" style="border-top: 2px solid #000000">$486.30</TD>
    <TD style="border-top: 0px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="21" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;),
this Registration Statement also covers an indeterminate number of additional shares of common
stock, par value $.20 (&#147;Common Stock&#148;), that may be offered or issued under the 2006 Long-Term
Incentive Plan, as amended and restated, to prevent dilution resulting from stock splits,
stock dividends, or similar transactions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h)
of the Securities Act and computed in accordance with Rule 457(c) of the Securities Act on the
basis of the average of the high and low sales prices per share of the Registrant&#146;s Common Stock as quoted on the NASDAQ Stock
Market on October&nbsp;28, 2009.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Additional shares that are available for grant under the Tollgrade Communications, Inc. 2006
Long-Term Incentive Compensation Plan, as amended and restated, pursuant to an amendment
approved by the registrant&#146;s shareholders at the registrant&#146;s Annual Meeting of Shareholders
held on August&nbsp;5, 2009.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV style="font-family: 'Times New Roman',Times,serif">






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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART II<BR> INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="l37916exv5.htm">EX-5</A></TD></TR>
<TR><TD colspan="9"><A HREF="l37916exv23w2.htm">EX-23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="l37916exv99.htm">EX-99</A></TD></TR>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This registration statement on Form S-8 (this &#147;Registration Statement&#148;) is being filed solely
for the registration of 1,500,000 additional shares for a total of 2,800,000 shares of the Common
Stock, $0.20 par value per share (&#147;Common Stock&#148;), of Tollgrade Communications, Inc. (the
&#147;Registrant&#148;) that are issuable in connection with awards under the Tollgrade Communications, Inc.
2006 Long-Term Incentive Compensation Plan, as amended and restated (the &#147;Plan&#148;). At the
Registrant&#146;s Annual Meeting of Shareholders held on August&nbsp;5, 2009, the shareholders approved an
amendment to the Plan to authorize the issuance of the shares of Common Stock that are being
registered hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These 1,500,000 shares of Common Stock being registered pursuant to this Registration
Statement are in addition to the 1,300,000 shares of Common Stock currently registered on the
Registrant&#146;s registration statement on Form S-8 filed on August&nbsp;17, 2006 (Registration No.
333-136693) (the &#147;Prior Registration Statement&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement relates to securities of the same class as those to which the
Prior Registration Statement relates, and is submitted pursuant to General Instruction E to Form
S-8, regarding registration of additional securities. Pursuant to General Instruction E to Form
S-8, this Registration Statement incorporates by reference the Prior Registration Statement to the
extent not modified by this Registration Statement.
</DIV>
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<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents, which have previously been filed by the Registrant, as specified,
with the Securities and Exchange Commission (the &#147;Commission&#148;) pursuant to the Securities Exchange
Act of 1934, as amended (the &#147;Exchange Act&#148;), are incorporated by reference herein and shall be
deemed to be a part hereof:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2008
(filed on March&nbsp;13, 2009) (File No.&nbsp;000-27312);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Amendment No.&nbsp;1 to the Registrant&#146;s Annual Report on Form 10-K/A for the fiscal year ended
December&nbsp;31, 2008 (filed on April&nbsp;27, 2009) (File No.&nbsp;000-27312);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Registrant&#146;s reports filed pursuant to Sections 13(a) or 15(d) of the Exchange Act
since December&nbsp;31, 2008; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The description of the Registrant&#146;s Common Stock that is contained in the Registrant&#146;s
Registration Statement on Form 8-A filed with the Commission on November&nbsp;30, 1995 (File No.
000-27312), including any amendment or report filed for the purpose of updating such description.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 or
15(d) of the Exchange Act, after the date of this Registration Statement and prior to the filing of
a post-effective amendment which indicates that all securities offered by this Registration
Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference in this Registration Statement and to be a part thereof from the
date of filing such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document all or a portion of which is incorporated or deemed to
be incorporated by reference in this Registration Statement shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">subsequently filed document which is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
</DIV>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Pennsylvania Business Corporation Law of 1988. </B>Section&nbsp;1741 of the Pennsylvania Business
Corporation Law of 1988 (the &#147;BCL&#148;) provides that unless otherwise restricted in its bylaws, a
business corporation shall (subject to the limitations described below) have the power to indemnify
any person who was or is a party, or is threatened to be made a party, to any threatened, pending
or completed action or proceeding, whether civil, criminal, administrative or investigative (other
than an action by or in the right of the corporation), by reason of the fact that such person is or
was a director, officer, employee or agent of the corporation or is or was serving at the request
of the corporation as a director, officer, employee or agent of another domestic or foreign
corporation for profit or not-for-profit, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action or proceeding, if
such person acted in good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the corporation, and, with respect to any criminal proceeding, had no
reasonable cause to believe his conduct was unlawful. The termination of any action or proceeding
by judgment, order, settlement or conviction or upon a plea of nolo contendere or its equivalent
shall not, of itself, create a presumption that such person did not act in good faith and in a
manner which he reasonably believed to be in, or not opposed to, the best interests of the
corporation and, with respect to any criminal proceeding, had reasonable cause to believe that his
conduct was unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1742 of the BCL provides that unless otherwise restricted in its bylaws, a business
corporation shall (subject to the limitations described below) have the power to indemnify any
person who was or is a party, or is threatened to be made a party, to any threatened, pending or
completed action by or in the right of the corporation to procure a judgment in its favor by reason
of the fact that such person is or was a director, officer, employee or agent of the corporation,
or is or was serving at the request of the corporation as a director, officer, employee or agent of
another domestic or foreign corporation for profit or not-for-profit, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys&#146; fees) actually and reasonably
incurred by such person in connection with the defense or settlement of such action if such person
acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests of the corporation. Indemnification shall not be made under Section&nbsp;1742 in respect of
any claim, issue or matter as to which such person shall have been adjudged to be liable to the
corporation unless, and only to the extent that, the court of common pleas of the judicial district
embracing the county in which the registered office of the corporation is located or the court in
which such action was brought determines upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the court of common pleas or such other court shall
deem proper.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1744 of the BCL provides that unless ordered by a court, any indemnification under
Section&nbsp;1741 or 1742 shall be made by a business corporation only as authorized in the specific
case upon a determination that indemnification of the director, officer, employee or agent is
proper in the circumstances because the indemnitee has met the applicable standard of conduct set
forth in the relevant section. Such determination shall be made:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;By the board of directors of the corporation by a majority vote of a quorum consisting of
directors who were not parties to the action or proceeding; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;If such a quorum is not obtainable, or, if obtainable and a majority vote of a quorum of
disinterested directors so directs, by independent legal counsel in a written opinion; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;By the shareholders.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the above, Section&nbsp;1743 of the BCL provides that, to the extent that a
director, officer, employee or agent of a corporation has been successful on the merits or
otherwise in defense of any action or proceeding referred to above, or in defense of any claim,
issue or matter therein, such person shall be indemnified against expenses (including attorneys&#146;
fees) actually and reasonably incurred by such person in connection therewith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1745 of the BCL provides that expenses (including attorneys&#146; fees) incurred in
defending any action or proceeding may be paid by a corporation in advance of the final disposition
of the action or proceeding upon receipt of an undertaking by or on behalf of the director,
officer, employee or agent to repay such amount if it is ultimately determined that such person is
not entitled to be indemnified by the corporation. Unless otherwise provided in the bylaws,
advancement of expenses must be approved by the board of directors.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Section&nbsp;1746 of the BCL provides that the indemnification and advancement of expenses provided by
or granted pursuant to the subchapter on indemnification shall not be deemed exclusive of any other
rights to which a person seeking indemnification or advancement of expenses may be entitled under
any bylaw, agreement, vote of shareholders or disinterested directors or otherwise, both as to
action in such person&#146;s official capacity and as to action in another capacity while holding such
office. Section&nbsp;1746 also provides that indemnification may not be made in any case where the act
or failure to act giving rise to the claim for indemnification is determined by a court to have
constituted willful misconduct or recklessness. The articles of incorporation may not provide for
indemnification in the case of willful misconduct or recklessness.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1747 of the BCL provides that, unless otherwise restricted in its bylaws, a business
corporation shall have power to purchase and maintain insurance on behalf of any person who is or
was a director, officer, employee or agent of the corporation, or is or was serving at the request
of the corporation as a director, officer, employee or agent of another domestic or foreign
corporation for profit or not-for-profit, partnership, joint venture, trust or other enterprise,
against any liability asserted against such person and incurred by him in any such capacity, or
arising out of his status as such, whether or not the corporation would have the power to indemnify
the director, officer, employee or agent against such liability under the provisions of the
subchapter governing indemnification. Section&nbsp;1747 declares such insurance to be consistent with
the public policy of the Commonwealth of Pennsylvania.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1750 of the BCL provides that the indemnification and advancement of expenses provided
by, or granted pursuant to, the subchapter governing indemnification shall, unless otherwise
provided when authorized or ratified, continue as to a person who has ceased to be a director,
officer, employee or agent of the corporation and shall inure to the benefit of the heirs and
personal representatives of such director, officer, employee or agent.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>The Registrant&#146;s Bylaws</B>. Section&nbsp;7.01 of Article&nbsp;VII of the Bylaws of the Registrant provides
that the Registrant shall indemnify an indemnified representative against any liability incurred in
connection with any proceeding in which the indemnified representative may be involved as a party
or otherwise by reason of the fact that such person is or was serving in an indemnified capacity,
including, without limitation, liabilities resulting from any actual or alleged breach or neglect
of duty, error, misstatement or misleading statement, negligence, gross negligence or act giving
rise to strict products liability. The Bylaws define an &#147;indemnified representative&#148; as &#147;any and
all directors and officers of the corporation and any other person designated as an indemnified
representative by the board of directors of the corporation (which may, but need not, include any
person serving at the request of the corporation, as a director, officer, employee, agent,
fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit
plan or other entity or enterprise).&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.01 further provides that the Registrant will not provide indemnification (1)&nbsp;where
such indemnification is expressly prohibited by applicable law; (2)&nbsp;where the conduct of the
indemnified representative has been finally determined pursuant to Section&nbsp;7.06 (providing for
arbitration) or
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">otherwise (i)&nbsp;to constitute willful misconduct or recklessness within the meaning of 15
Pa.C.S. Section&nbsp;1713 or any superseding provision of law sufficient in the circumstances to bar
indemnification against liabilities arising from the conduct or (ii)&nbsp;to be based upon or
attributable to the receipt by the indemnified representative from the Registrant of a personal
benefit to which the indemnified representative is not legally entitled; or (3)&nbsp;to the extent such
indemnification has been finally determined in a final adjudication pursuant to Section&nbsp;7.06 to be
otherwise unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Contracts/Other Arrangements</B>. As part of the Employment Agreement with its Chief Executive
Officer and President, Joseph A. Ferrara, the Registrant has agreed to maintain in effect
indemnification rights to the fullest extent permitted by applicable law covering action taken by
Mr.&nbsp;Ferrara or omissions occurring prior to the termination of his employment. Also pursuant to
Mr.&nbsp;Ferrara&#146;s Employment Agreement, through the sixth anniversary of Mr.&nbsp;Ferrara&#146;s date of
termination as an employee, the Registrant has agreed to maintain, if available in the directors&#146;
and officers&#146; liability insurance market, directors&#146; and officers&#146; liability insurance covering
actions taken by Mr.&nbsp;Ferrara or omissions occurring prior to the termination of his employment on
terms not less favorable than current coverage.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant also maintains directors&#146; and officers&#146; liability insurance covering its
directors and officers with respect to liabilities, including liabilities under the Securities Act
of 1933, which they may incur in connection with their serving in such capacity.
</DIV>
<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Articles of Incorporation of the Registrant, as amended through
May&nbsp;6, 1998 (conformed copy), incorporated herein by reference filed as Exhibit&nbsp;3.1
to the Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31,
1998 (File No.&nbsp;000-27312), filed with the Commission on March&nbsp;24, 1999 (the &#147;1998
Form
10-K&#148;)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment to Articles incorporated herein by reference, filed on the Registrant&#146;s
Current Report on Form&nbsp;8-K filed with the SEC on May&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of the Registrant incorporated herein by reference,
filed as Exhibit&nbsp;3.2 to the Company&#146;s Current Report on Form&nbsp;8-K filed with the SEC
on May&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Cohen &#038; Grigsby, P.C. regarding the legality of the shares of Common
Stock being registered</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cohen &#038; Grigsby, P.C. (contained in the opinion filed as Exhibit&nbsp;5 hereto)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Pricewaterhouse Coopers LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (contained in the signature pages to this Registration Statement)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tollgrade Communications, Inc. 2006 Long Term Incentive Compensation Plan, as
amended and restated</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly
caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the Borough of Cheswick, Commonwealth of Pennsylvania, on October&nbsp;29, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TOLLGRADE COMMUNICATIONS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Joseph A. Ferrara
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Joseph A. Ferrara&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chairman, Chief Executive Officer and President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each person whose signature appears below constitutes and appoints Joseph A. Ferrara his true and
lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and
in his name, place and stead, in any and all capacities, to sign any or all amendments to this
registration statement, including post-effective amendments, and to file the same with all exhibits
thereto, and other documents in connection therewith, with the Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and
agent of any of them, or any substitute or substitutes, lawfully do or cause to be done by virtue
hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities indicated.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Joseph A. Ferrara
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph A. Ferrara
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, Chief Executive Officer and
President (Principal Executive Officer)&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael D. Bornak
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michael D. Bornak
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interim Chief Financial Officer
(Principal Financial Officer)&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ R. Joseph Fink
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
R. Joseph Fink
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Controller (Principal Accounting Officer)&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Scott C. Chandler
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Scott C. Chandler
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Richard H. Heibel, M.D.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Richard H. Heibel, M.D.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/28/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Charles E. Hoffman
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Charles E. Hoffman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert W. Kampmeinert
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert W. Kampmeinert
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/28/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Edward H. Kennedy
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Edward H. Kennedy
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Edward B. Meyercord, III
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Edward B. Meyercord, III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/28/09&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jeffrey M. Solomon
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jeffrey M. Solomon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10/29/09&nbsp;&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>



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sv8
Table of Contents
As filed
with the Securities and Exchange Commission on November 2, 2009
Registration No. 333 -
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
TOLLGRADE COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
25-1537134
(State or other jurisdiction of
(I.R.S. Employer Identification No.)
incorporation or organization)
493 Nixon Road
Cheswick, Pennsylvania
15024
(Address of Principal Executive Offices)
(Zip code)
Tollgrade Communications, Inc. 2006 Long-Term Incentive Compensation Plan
(Full title of the plan)
Joseph A. Ferrara
Chairman, Chief Executive Officer and President
493 Nixon Road
Cheswick, Pennsylvania 15024
(Name and address of agent for service)
(412) 820-1400
(Telephone number, including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act):
Large accelerated filer
o
Accelerated filer
þ
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Title of
Proposed maximum
Proposed maximum
securities to be
Amount to be
offering price
aggregate
Amount of
registered
Registered (1)
per share (2)
offering price (2)
registration fee(2)
Common Stock, par
value $.20
1,500,000 shares (3)
$5.81
$8,715,000
$486.30
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"),
this Registration Statement also covers an indeterminate number of additional shares of common
stock, par value $.20 ("Common Stock"), that may be offered or issued under the 2006 Long-Term
Incentive Plan, as amended and restated, to prevent dilution resulting from stock splits,
stock dividends, or similar transactions.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h)
of the Securities Act and computed in accordance with Rule 457(c) of the Securities Act on the
basis of the average of the high and low sales prices per share of the Registrant's Common Stock as quoted on the NASDAQ Stock
Market on October 28, 2009.
(3)
Additional shares that are available for grant under the Tollgrade Communications, Inc. 2006
Long-Term Incentive Compensation Plan, as amended and restated, pursuant to an amendment
approved by the registrant's shareholders at the registrant's Annual Meeting of Shareholders
held on August 5, 2009.
TABLE OF CONTENTS
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Item 6. Indemnification of Directors and Officers.
Item 8. Exhibits.
SIGNATURES
EX-5
EX-23.2
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EXPLANATORY NOTE
This registration statement on Form S-8 (this "Registration Statement") is being filed solely
for the registration of 1,500,000 additional shares for a total of 2,800,000 shares of the Common
Stock, $0.20 par value per share ("Common Stock"), of Tollgrade Communications, Inc. (the
"Registrant") that are issuable in connection with awards under the Tollgrade Communications, Inc.
2006 Long-Term Incentive Compensation Plan, as amended and restated (the "Plan"). At the
Registrant's Annual Meeting of Shareholders held on August 5, 2009, the shareholders approved an
amendment to the Plan to authorize the issuance of the shares of Common Stock that are being
registered hereunder.
These 1,500,000 shares of Common Stock being registered pursuant to this Registration
Statement are in addition to the 1,300,000 shares of Common Stock currently registered on the
Registrant's registration statement on Form S-8 filed on August 17, 2006 (Registration No.
333-136693) (the "Prior Registration Statement").
This Registration Statement relates to securities of the same class as those to which the
Prior Registration Statement relates, and is submitted pursuant to General Instruction E to Form
S-8, regarding registration of additional securities. Pursuant to General Instruction E to Form
S-8, this Registration Statement incorporates by reference the Prior Registration Statement to the
extent not modified by this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents, which have previously been filed by the Registrant, as specified,
with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), are incorporated by reference herein and shall be
deemed to be a part hereof:
(a) The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2008
(filed on March 13, 2009) (File No. 000-27312);
(b) Amendment No. 1 to the Registrant's Annual Report on Form 10-K/A for the fiscal year ended
December 31, 2008 (filed on April 27, 2009) (File No. 000-27312);
(c) The Registrant's reports filed pursuant to Sections 13(a) or 15(d) of the Exchange Act
since December 31, 2008; and
(d) The description of the Registrant's Common Stock that is contained in the Registrant's
Registration Statement on Form 8-A filed with the Commission on November 30, 1995 (File No.
000-27312), including any amendment or report filed for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, after the date of this Registration Statement and prior to the filing of
a post-effective amendment which indicates that all securities offered by this Registration
Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference in this Registration Statement and to be a part thereof from the
date of filing such documents.
Any statement contained in a document all or a portion of which is incorporated or deemed to
be incorporated by reference in this Registration Statement shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other
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subsequently filed document which is or is deemed to be incorporated by reference herein modifies
or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
Item 6. Indemnification of Directors and Officers.
Pennsylvania Business Corporation Law of 1988.
Section 1741 of the Pennsylvania Business
Corporation Law of 1988 (the "BCL") provides that unless otherwise restricted in its bylaws, a
business corporation shall (subject to the limitations described below) have the power to indemnify
any person who was or is a party, or is threatened to be made a party, to any threatened, pending
or completed action or proceeding, whether civil, criminal, administrative or investigative (other
than an action by or in the right of the corporation), by reason of the fact that such person is or
was a director, officer, employee or agent of the corporation or is or was serving at the request
of the corporation as a director, officer, employee or agent of another domestic or foreign
corporation for profit or not-for-profit, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action or proceeding, if
such person acted in good faith and in a manner he reasonably believed to be in, or not opposed to,
the best interests of the corporation, and, with respect to any criminal proceeding, had no
reasonable cause to believe his conduct was unlawful. The termination of any action or proceeding
by judgment, order, settlement or conviction or upon a plea of nolo contendere or its equivalent
shall not, of itself, create a presumption that such person did not act in good faith and in a
manner which he reasonably believed to be in, or not opposed to, the best interests of the
corporation and, with respect to any criminal proceeding, had reasonable cause to believe that his
conduct was unlawful.
Section 1742 of the BCL provides that unless otherwise restricted in its bylaws, a business
corporation shall (subject to the limitations described below) have the power to indemnify any
person who was or is a party, or is threatened to be made a party, to any threatened, pending or
completed action by or in the right of the corporation to procure a judgment in its favor by reason
of the fact that such person is or was a director, officer, employee or agent of the corporation,
or is or was serving at the request of the corporation as a director, officer, employee or agent of
another domestic or foreign corporation for profit or not-for-profit, partnership, joint venture,
trust or other enterprise, against expenses (including attorneys' fees) actually and reasonably
incurred by such person in connection with the defense or settlement of such action if such person
acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests of the corporation. Indemnification shall not be made under Section 1742 in respect of
any claim, issue or matter as to which such person shall have been adjudged to be liable to the
corporation unless, and only to the extent that, the court of common pleas of the judicial district
embracing the county in which the registered office of the corporation is located or the court in
which such action was brought determines upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses which the court of common pleas or such other court shall
deem proper.
Section 1744 of the BCL provides that unless ordered by a court, any indemnification under
Section 1741 or 1742 shall be made by a business corporation only as authorized in the specific
case upon a determination that indemnification of the director, officer, employee or agent is
proper in the circumstances because the indemnitee has met the applicable standard of conduct set
forth in the relevant section. Such determination shall be made:
(1) By the board of directors of the corporation by a majority vote of a quorum consisting of
directors who were not parties to the action or proceeding; or
(2) If such a quorum is not obtainable, or, if obtainable and a majority vote of a quorum of
disinterested directors so directs, by independent legal counsel in a written opinion; or
(3) By the shareholders.
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Notwithstanding the above, Section 1743 of the BCL provides that, to the extent that a
director, officer, employee or agent of a corporation has been successful on the merits or
otherwise in defense of any action or proceeding referred to above, or in defense of any claim,
issue or matter therein, such person shall be indemnified against expenses (including attorneys'
fees) actually and reasonably incurred by such person in connection therewith.
Section 1745 of the BCL provides that expenses (including attorneys' fees) incurred in
defending any action or proceeding may be paid by a corporation in advance of the final disposition
of the action or proceeding upon receipt of an undertaking by or on behalf of the director,
officer, employee or agent to repay such amount if it is ultimately determined that such person is
not entitled to be indemnified by the corporation. Unless otherwise provided in the bylaws,
advancement of expenses must be approved by the board of directors.
Section 1746 of the BCL provides that the indemnification and advancement of expenses provided by
or granted pursuant to the subchapter on indemnification shall not be deemed exclusive of any other
rights to which a person seeking indemnification or advancement of expenses may be entitled under
any bylaw, agreement, vote of shareholders or disinterested directors or otherwise, both as to
action in such person's official capacity and as to action in another capacity while holding such
office. Section 1746 also provides that indemnification may not be made in any case where the act
or failure to act giving rise to the claim for indemnification is determined by a court to have
constituted willful misconduct or recklessness. The articles of incorporation may not provide for
indemnification in the case of willful misconduct or recklessness.
Section 1747 of the BCL provides that, unless otherwise restricted in its bylaws, a business
corporation shall have power to purchase and maintain insurance on behalf of any person who is or
was a director, officer, employee or agent of the corporation, or is or was serving at the request
of the corporation as a director, officer, employee or agent of another domestic or foreign
corporation for profit or not-for-profit, partnership, joint venture, trust or other enterprise,
against any liability asserted against such person and incurred by him in any such capacity, or
arising out of his status as such, whether or not the corporation would have the power to indemnify
the director, officer, employee or agent against such liability under the provisions of the
subchapter governing indemnification. Section 1747 declares such insurance to be consistent with
the public policy of the Commonwealth of Pennsylvania.
Section 1750 of the BCL provides that the indemnification and advancement of expenses provided
by, or granted pursuant to, the subchapter governing indemnification shall, unless otherwise
provided when authorized or ratified, continue as to a person who has ceased to be a director,
officer, employee or agent of the corporation and shall inure to the benefit of the heirs and
personal representatives of such director, officer, employee or agent.
The Registrant's Bylaws
. Section 7.01 of Article VII of the Bylaws of the Registrant provides
that the Registrant shall indemnify an indemnified representative against any liability incurred in
connection with any proceeding in which the indemnified representative may be involved as a party
or otherwise by reason of the fact that such person is or was serving in an indemnified capacity,
including, without limitation, liabilities resulting from any actual or alleged breach or neglect
of duty, error, misstatement or misleading statement, negligence, gross negligence or act giving
rise to strict products liability. The Bylaws define an "indemnified representative" as "any and
all directors and officers of the corporation and any other person designated as an indemnified
representative by the board of directors of the corporation (which may, but need not, include any
person serving at the request of the corporation, as a director, officer, employee, agent,
fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit
plan or other entity or enterprise)."
Section 7.01 further provides that the Registrant will not provide indemnification (1) where
such indemnification is expressly prohibited by applicable law; (2) where the conduct of the
indemnified representative has been finally determined pursuant to Section 7.06 (providing for
arbitration) or
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otherwise (i) to constitute willful misconduct or recklessness within the meaning of 15
Pa.C.S. Section 1713 or any superseding provision of law sufficient in the circumstances to bar
indemnification against liabilities arising from the conduct or (ii) to be based upon or
attributable to the receipt by the indemnified representative from the Registrant of a personal
benefit to which the indemnified representative is not legally entitled; or (3) to the extent such
indemnification has been finally determined in a final adjudication pursuant to Section 7.06 to be
otherwise unlawful.
Contracts/Other Arrangements
. As part of the Employment Agreement with its Chief Executive
Officer and President, Joseph A. Ferrara, the Registrant has agreed to maintain in effect
indemnification rights to the fullest extent permitted by applicable law covering action taken by
Mr. Ferrara or omissions occurring prior to the termination of his employment. Also pursuant to
Mr. Ferrara's Employment Agreement, through the sixth anniversary of Mr. Ferrara's date of
termination as an employee, the Registrant has agreed to maintain, if available in the directors'
and officers' liability insurance market, directors' and officers' liability insurance covering
actions taken by Mr. Ferrara or omissions occurring prior to the termination of his employment on
terms not less favorable than current coverage.
The Registrant also maintains directors' and officers' liability insurance covering its
directors and officers with respect to liabilities, including liabilities under the Securities Act
of 1933, which they may incur in connection with their serving in such capacity.
Item 8. Exhibits.
4.1
Amended and Restated Articles of Incorporation of the Registrant, as amended through
May 6, 1998 (conformed copy), incorporated herein by reference filed as Exhibit 3.1
to the Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1998 (File No. 000-27312), filed with the Commission on March 24, 1999 (the "1998
Form
10-K")
4.2
Amendment to Articles incorporated herein by reference, filed on the Registrant's
Current Report on Form 8-K filed with the SEC on May 21, 2007
4.3
Amended and Restated Bylaws of the Registrant incorporated herein by reference,
filed as Exhibit 3.2 to the Company's Current Report on Form 8-K filed with the SEC
on May 21, 2007
5*
Opinion of Cohen & Grigsby, P.C. regarding the legality of the shares of Common
Stock being registered
23.1*
Consent of Cohen & Grigsby, P.C. (contained in the opinion filed as Exhibit 5 hereto)
23.2*
Consent of Pricewaterhouse Coopers LLP
24*
Powers of Attorney (contained in the signature pages to this Registration Statement)
99*
Tollgrade Communications, Inc. 2006 Long Term Incentive Compensation Plan, as
amended and restated
*
Filed herewith
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8, and has duly
caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the Borough of Cheswick, Commonwealth of Pennsylvania, on October 29, 2009.
TOLLGRADE COMMUNICATIONS, INC.
By:
/s/ Joseph A. Ferrara
Joseph A. Ferrara
Chairman, Chief Executive Officer and President
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Each person whose signature appears below constitutes and appoints Joseph A. Ferrara his true and
lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and
in his name, place and stead, in any and all capacities, to sign any or all amendments to this
registration statement, including post-effective amendments, and to file the same with all exhibits
thereto, and other documents in connection therewith, with the Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all intents and purposes as
he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and
agent of any of them, or any substitute or substitutes, lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities indicated.
Signature
Title
Date
/s/ Joseph A. Ferrara
Joseph A. Ferrara
Chairman, Chief Executive Officer and
President (Principal Executive Officer)
10/29/09
/s/ Michael D. Bornak
Michael D. Bornak
Interim Chief Financial Officer
(Principal Financial Officer)
10/29/09
/s/ R. Joseph Fink
R. Joseph Fink
Controller (Principal Accounting Officer)
10/29/09
/s/ Scott C. Chandler
Scott C. Chandler
Director
10/29/09
/s/ Richard H. Heibel, M.D.
Richard H. Heibel, M.D.
Director
10/28/09
/s/ Charles E. Hoffman
Charles E. Hoffman
Director
10/29/09
/s/ Robert W. Kampmeinert
Robert W. Kampmeinert
Director
10/28/09
/s/ Edward H. Kennedy
Edward H. Kennedy
Director
10/29/09
/s/ Edward B. Meyercord, III
Edward B. Meyercord, III
Director
10/28/09
/s/ Jeffrey M. Solomon
Jeffrey M. Solomon
Director
10/29/09
7