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CPS TECHNOLOGIES CORP/DE/ Director's Dealing 2006

Dec 13, 2006

34547_dirs_2006-12-13_dd08946e-fc78-4f72-ae51-a1763e5ae102.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CERAMICS PROCESS SYSTEMS CORP/DE/ (cpsx)
CIK: 0000814676
Period of Report: 2006-12-12

Reporting Person: BOWEN H KENT (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-12-12 Stock Option $1.5 A 8000 Acquired 2016-12-12 Common Stock (8000) Direct

Footnotes

F1: Nonqualified Stock Option granted pursuant to the CPS 1999 Stock Incentive Plan. 100% of the shares subject to the option become vested and exercisable one year after the date of grant.

F2: Not applicable per Instruction 4.c.iii.