CPS TECHNOLOGIES CORP/DE/ — Director's Dealing 2007

Oct 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (cpsh)
CIK: 0000814676
Period of Report: 2007-10-23

Reporting Person: HUGHES FRANCIS J JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-23	Stock Option	$2.36	A	8000	Acquired	2017-10-23	Common Stock (8000)	Direct

Footnotes

F1: Nonqualified Stock Option granted pursuant to the CPS 1999 Stock Incentive Plan as payment for services rendered as a Director. 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.