CPI AEROSTRUCTURES INC — Director's Dealing 2006

Dec 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2006-12-01

Reporting Person: Palazzolo Vincent (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Option to purchase common shares	$6.75	A	25000	Acquired	2016-11-30	Common shares (25000)	Direct

Footnotes

F1: The option will vest as to 8,333 shares on November 30, 2007, 8,333 shares on November 30, 2008 and 8,334 shares on November 30, 2009.