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

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (CPSH.OB)
CIK: 0000814676
Period of Report: 1995-02-15

Reporting Person: WACO PARTNERS (Former 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
1995-09-30	Common Stock, $.01 par value	J	169980	$0.42	Acquired	1669980	Direct
1998-03-23	Common Stock, $.01 par value	C	500000	$0.50	Acquired	1669980	Direct
1998-05-05	Common Stock, $.01 par value	C	1000000	$0.50	Acquired	1669980	Direct
2004-04-16	Common Stock, $.01 par value	J	1669980	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
1998-03-23	10% Subordinated Convertible Note due 1996	$0.50	C	500000	Disposed	1996-04-21	Common Stock (500000)	Direct
1998-05-05	10% Subordinated Convertible Note due 2001	$0.50	C	1000000	Disposed	2001-04-21	Common Stock (1000000)	Direct
1995-02-15	Rights to Acquire Warrants Upon Conv of the Conv Notes	$0.50	J	1125000	Disposed	1995-02-15	Common Stock (1125000)	Direct

Footnotes

F1: The 169,980 shares of Common Stock reported herein were issued to the Reporting Person in lieu of interest payable on
convertible notes owned by the Reporting Person

F2: Waco Partners was dissolved on April 16, 2004 and distributed all of the shares of Common Stock of the Issuer owned by it to
its partners

F3: The rights to acquire warrants for 1,125,000 shares of Common Stock of the issuer expired when the 10% Subordinated
Convertible Notes due 1996 and 2001 were not converted by 2/15/1995

F4: N/A