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CSP INC /MA/ Director's Dealing 2007

Aug 15, 2007

34072_dirs_2007-08-15_6747c165-2928-4b71-8b1d-55e97c080682.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSP INC /MA/ (CSPI)
CIK: 0000356037
Period of Report: 2007-08-14

Reporting Person: Lupinetti Alexander R (CEO/President/Chairman Board)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-08-14 Common Stock M 1475 $2.64 Acquired 18651 Direct
2007-08-14 Common Stock S 1475 $8 Disposed 17176 Direct
2007-08-14 Common Stock M 625 $6.01 Acquired 17801 Direct
2007-08-14 Common Stock S 625 $8 Disposed 17176 Direct
2007-08-14 Common Stock M 200 $6.01 Acquired 17376 Direct
2007-08-14 Common Stock S 200 $8.04 Disposed 17176 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-08-14 Stock Option Right to Buy $2.64 M 1475 Disposed 2012-11-20 Common Stock (1475) Direct
2007-08-14 Stock Option Right to Buy $6.01 M 625 Disposed 2007-10-31 Common Stock (625) Direct
2007-08-14 Stock Option Right to Buy $6.01 M 200 Disposed 2007-10-31 Common Stock (200) Direct

Footnotes

F1: Stock Option

F2: Stock Option

F3: Stock Option