CPI AEROSTRUCTURES INC — Director's Dealing 2004

Jun 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2004-05-04

Reporting Person: AUGUST ARTHUR (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-04	Common Stock	S	3000	$9.6017	Disposed	299419	Direct
2004-05-05	Common Stock	S	7500	$11.534	Disposed	291919	Direct
2004-05-07	Common Stock	S	2500	$10.90	Disposed	289419	Direct
2004-05-10	Common Stock	S	15000	$10.5941	Disposed	274419	Direct
2004-05-11	Common Stock	S	10000	$10.60	Disposed	264419	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 1, 2004.