CPS TECHNOLOGIES CORP/DE/ — Director's Dealing 2004

Feb 4, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CERAMICS PROCESS SYSTEMS CORP/DE/ (cpsx)
CIK: 0000814676
Period of Report: 2003-12-27

Reporting Person: BOWEN H KENT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-06-20	Stock Option	$0.31	A	8000	Acquired	2013-06-20	Common Stock (8000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$1.34	2009-01-22	Common Stock (16000)	16000	Direct
Stock Option	$1.25	2010-08-02	Common Stock (8000)	8000	Direct
Stock Option	$0.3	2011-10-09	Common Stock (8000)	8000	Direct