CSP INC /MA/ — Director's Dealing 2004

Jan 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSP INC /MA/ (CSPI)
CIK: 0000356037
Period of Report: 2004-01-15

Reporting Person: CSP INC /MA/ (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-13	Common Stock	M	1000	$3.84	Acquired	3700	Direct

Footnotes

F1: Exercise of director stock option