CPI AEROSTRUCTURES INC — Director's Dealing 2014

May 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2014-05-15

Reporting Person: Palazzolo Vincent (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-15	Common Stock	M	50000	$10.48	Acquired	55986	Direct
2014-05-15	Common Stock	F	42673	$12.28	Disposed	13313	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-15	Option to purchase common shares	$10.48	M	50000	Disposed	2014-05-16	Common Stock (50000)	Direct