CPI AEROSTRUCTURES INC — Director's Dealing 2004

May 6, 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: MCSWEENEY KENNETH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-04	Common Shares	M	5000	$2.53	Acquired	13334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-04	Option to Purchase Common Shares	$2.53	M	5000	Disposed	2009-12-31	Common Shares (5000)	Direct