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CPI AEROSTRUCTURES INC Director's Dealing 2006

Sep 20, 2006

34768_dirs_2006-09-20_67e25032-60f3-4a19-ae8a-6f5fe31b126d.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 556949 Indirect
2006-09-18 Common Stock S 100 $4.54 Disposed 556849 Indirect
2006-09-18 Common Stock S 600 $4.5001 Disposed 556249 Indirect
2006-09-18 Common Stock S 2400 $4.5 Disposed 553849 Indirect
2006-09-18 Common Stock S 300 $4.5 Disposed 553549 Indirect
2006-09-18 Common Stock S 500 $4.5 Disposed 553049 Indirect
2006-09-18 Common Stock S 100 $4.5 Disposed 552949 Indirect
2006-09-18 Common Stock S 400 $4.4801 Disposed 552549 Indirect
2006-09-18 Common Stock S 200 $4.48 Disposed 552349 Indirect
2006-09-18 Common Stock S 400 $4.5 Disposed 551949 Indirect
2006-09-18 Common Stock S 600 $4.5 Disposed 551349 Indirect
2006-09-18 Common Stock S 500 $4.5 Disposed 550849 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 550649 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 550449 Indirect
2006-09-18 Common Stock S 100 $4.53 Disposed 550349 Indirect
2006-09-18 Common Stock S 200 $4.54 Disposed 550149 Indirect
2006-09-18 Common Stock S 200 $4.54 Disposed 549949 Indirect
2006-09-18 Common Stock S 200 $4.54 Disposed 549749 Indirect
2006-09-18 Common Stock S 200 $4.54 Disposed 549549 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 549349 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 549149 Indirect
2006-09-18 Common Stock S 100 $4.53 Disposed 549049 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 548849 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 548649 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 548449 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 548249 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 548049 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 547849 Indirect
2006-09-18 Common Stock S 200 $4.53 Disposed 547649 Indirect
2006-09-18 Common Stock S 100 $4.53 Disposed 547549 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 44 shares sold by LP and 56 shares sold by QP

F3: Represents 266 shares sold by LP and 334 shares sold by QP

F4: Represents 1066 shares sold by LP and 1334 shares sold by QP

F5: Represents 133 shares sold by LP and 167 shares sold by QP

F6: Represents 222 shares sold by LP and 278 shares sold by QP

F7: Represents 44 shares sold by LP and 56 shares sold by QP

F8: Represents 178 shares sold by LP and 222 shares sold by QP

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

F10: Represents 178 shares sold by LP and 222 shares sold by QP

F11: Represents 266 shares sold by LP and 334 shares sold by QP

F12: Represents 222 shares sold by LP and 278 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 44 shares sold by LP and 56 shares sold by QP

F16: Represents 89 shares sold by LP and 111 shares sold by QP

F17: Represents 89 shares sold by LP and 111 shares sold by QP

F18: Represents 89 shares sold by LP and 111 shares sold by QP

F19: Represents 89 shares sold by LP and 111 shares sold by QP

F20: Represents 89 shares sold by LP and 111 shares sold by QP

F21: Represents 89 shares sold by LP and 111 shares sold by QP

F22: Represents 44 shares sold by LP and 56 shares sold by QP

F23: Represents 89 shares sold by LP and 111 shares sold by QP

F24: Represents 89 shares sold by LP and 111 shares sold by QP

F25: Represents 89 shares sold by LP and 111 shares sold by QP

F26: Represents 89 shares sold by LP and 111 shares sold by QP

F27: Represents 89 shares sold by LP and 111 shares sold by QP

F28: Represents 89 shares sold by LP and 111 shares sold by QP

F29: Represents 89 shares sold by LP and 111 shares sold by QP

F30: Represents 44 shares sold by LP and 56 shares sold by QP