CPI AEROSTRUCTURES INC — Director's Dealing 2008

Mar 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2008-03-25

Reporting Person: PAULICK WALTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-25	Common Stock	M	5000	$6.45	Acquired	11000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-25	Stock option (right to buy)	$6.45	M	5000	Disposed	2008-03-31	Common stock (5000)	Direct