A fiber optic connector release mechanism that is used to release a transceiver module from a cage assembly includes a pivoting bail that operates a slide plate on the transceiver module. The locking mechanism comprises a locking projection on an underside of the module housing which mates with an aperture in a flexible locking tab on an underside of the cage. When the release mechanism is actuated, a flexible lifting tab on the slide plate is urged upward by a trailing edge of the locking projection on an underside of the module housing, which in turn moves the locking tab on the cage upward, thereby disengaging the locking tab from the locking projection.