CPI AEROSTRUCTURES INC — Director's Dealing 2017

Mar 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2017-03-09

Reporting Person: Palazzolo Vincent (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-09	Common Stock	D	2892	—	Disposed	37007	Direct
2017-03-09	Common Stock	F	1137	$7.30	Disposed	35870	Direct

Footnotes

F1: Represents the forfeiture of performance-based restricted stock granted to the reporting person on August 2, 2016 that were eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 9, 2017, the Company determined that, based on the Company's performance over the applicable performance period, 2,892 securities would be forfeited.

F2: Represents the shares withheld to satisfy tax obligations.