CPI AEROSTRUCTURES INC — Director's Dealing 2021

Apr 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPI AEROSTRUCTURES INC (CVU)
CIK: 0000889348
Period of Report: 2021-04-21

Reporting Person: Powers Thomas E (Acting Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-21	Common Stock	D	1082	—	Disposed	16918	Direct
2021-04-21	Common Stock	A	19900	—	Acquired	36818	Direct
2021-04-21	Common Stock	F	239	$4.24	Disposed	36579	Direct

Footnotes

F1: Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on August 25, 2020, which was eligible to vest based on certain financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On April 21, 2021, the Company determined that, based on the Company's performance over the applicable performance period, an aggregate of 1,082 shares would be forfeited

F2: Represents shares withheld to satisfy tax obligations.