CPS TECHNOLOGIES CORP/DE/ — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CPS TECHNOLOGIES CORP/DE/ (CPSH)
CIK: 0000814676
Period of Report: 2010-12-30

Reporting Person: HUGHES FRANCIS J JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-30	Common Stock	M	8000	$0.3	Acquired	16000	Direct
2010-12-30	Common Stock	M	16000	$0.58	Acquired	32000	Direct
2010-12-30	Common Stock	M	16000	$1.02	Acquired	48000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Stock Option	$0.3	M	8000	Disposed	2011-10-09	Common Stock (8000)	Direct
2010-12-30	Stock Option	$0.58	M	16000	Disposed	2012-04-17	Common Stock (16000)	Direct
2010-12-30	Stock Option	$1.02	M	16000	Disposed	2015-12-14	Common Stock (16000)	Direct

Footnotes

F1: Shares purchased by exercising a stock option grant for 8,000 shares issued to Mr. Hughes on October 9, 2001 as payment for services as a director.

F2: Shares purchased by exercising a stock option grant for 16,000 shares issued to Mr. Hughes on April 17, 2002 as payment for services as a director.

F3: Shares purchased by exercising a stock option grant for 16,000 shares issued to Mr. Hughes on December 14, 2005 as payment for services as a director