CPI AEROSTRUCTURES INC — Director's Dealing 2010

Jun 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2010-05-27

Reporting Person: FRED EDWARD J (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-27	Common Stock	M	125000	$2.59	Acquired	195864	Direct
2010-05-27	Common Stock	F	33000	$8.74	Disposed	162864	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-27	Employee Stock Options (Right to Buy)	$2.59	M	125000	Disposed	2010-05-31	Common Stock (125000)	Direct