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CPI AEROSTRUCTURES INC Director's Dealing 2006

Sep 20, 2006

34768_dirs_2006-09-20_e65fbc6f-7234-4e11-9ef2-847013bbdbf4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2006-09-18

Reporting Person: MIDWOOD CAPITAL MANAGEMENT LLC (10% Owner)
Reporting Person: MIDWOOD CAPITAL PARTNERS LP (10% Owner)
Reporting Person: MIDWOOD CAPITAL PARTNERS QP LP (10% Owner)
Reporting Person: Cohen David E (10% Owner)
Reporting Person: DeMont Ross D (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-09-18 Common Stock S 100 $4.53 Disposed 547449 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 547249 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 547049 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 546849 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 546649 Indirect
2006-09-18 Common Stock S 100 $4.53 Disposed 546549 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 546349 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 546149 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 545949 Indirect
2006-09-18 Common Stock S 100 $4.53 Disposed 545849 Indirect
2006-09-18 Common Stock S 100 $4.54 Disposed 545749 Indirect
2006-09-18 Common Stock S 200 $4.5 Disposed 545549 Indirect
2006-09-18 Common Stock S 200 $4.5 Disposed 545349 Indirect
2006-09-18 Common Stock S 200 $4.5 Disposed 545149 Indirect
2006-09-18 Common Stock S 200 $4.5 Disposed 544949 Indirect
2006-09-18 Common Stock S 100 $4.5 Disposed 544849 Indirect
2006-09-18 Common Stock S 100 $4.5 Disposed 544749 Indirect
2006-09-18 Common Stock S 100 $4.5 Disposed 544649 Indirect
2006-09-18 Common Stock S 100 $4.5 Disposed 544549 Indirect

Footnotes

F1: Represents 44 shares sold by Midwood Capital Partners, LP ("LP") and 56 shares sold by Midwood Capital Partners QP, LP ("QP"). All such shares sold by LP and QP were also indirectly held by Midwood Capital Management LLC, General Partner of LP and QP, and by David E. Cohen and Ross D. DeMont, managing members of the General Partner

F2: Represents 89 shares sold by LP and 111 shares sold by QP

F3: Represents 89 shares sold by LP and 111 shares sold by QP

F4: Represents 89 shares sold by LP and 111 shares sold by QP

F5: Represents 89 shares sold by LP and 111 shares sold by QP

F6: Represents 44 shares sold by LP and 56 shares sold by QP

F7: Represents 89 shares sold by LP and 111 shares sold by QP

F8: Represents 89 shares sold by LP and 111 shares sold by QP

F9: Represents 89 shares sold by LP and 111 shares sold by QP

F10: Represents 44 shares sold by LP and 56 shares sold by QP

F11: Represents 44 shares sold by LP and 56 shares sold by QP

F12: Represents 89 shares sold by LP and 111 shares sold by QP

F13: Represents 89 shares sold by LP and 111 shares sold by QP

F14: Represents 89 shares sold by LP and 111 shares sold by QP

F15: Represents 89 shares sold by LP and 111 shares sold by QP

F16: Represents 44 shares sold by LP and 56 shares sold by QP

F17: Represents 44 shares sold by LP and 56 shares sold by QP

F18: Represents 44 shares sold by LP and 56 shares sold by QP

F19: Represents 44 shares sold by LP and 56 shares sold by QP