CPI AEROSTRUCTURES INC — Director's Dealing 2018

Mar 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2018-03-22

Reporting Person: Palazzolo Vincent (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-22	Common Stock	D	4599	—	Acquired	57931	Direct
2018-03-22	Common Stock	F	1523	$8.20	Disposed	56408	Direct

Footnotes

F1: Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on March 1, 2017, which were eligible to vest based on certian financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 22, 2018, the Company determined that, based on the Company's performance over the applicable performance period, 1,707 shares would be forfeited.

F2: Represents shares withheld to satisfy tax obligations.