CSP INC /MA/ - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSP INC /MA/ (CSPI)
CIK: 0000356037
Period of Report: 2008-01-07

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-07	Common Stock	M	100	$5	Acquired	16517	Direct
2008-01-07	Common Stock	S	100	$7.01	Disposed	16417	Direct
2008-01-08	Common Stock	M	1563	$4.47	Acquired	17980	Direct
2008-01-08	Common Stock	S	1563	$7	Disposed	16417	Direct
2008-01-08	Common Stock	M	520	$4.25	Acquired	16937	Direct
2008-01-08	Common Stock	S	520	$7.01	Disposed	16417	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option Right to Buy	$6.4	2008-10-07	Common Stock (60500)	60500	Direct
Stock Option Right to Buy	$5	2009-10-19	Common Stock (74437)	74437	Direct
Stock Option Right to Buy	$4.25	2010-10-18	Common Stock (23380)	23380	Direct
Stock Option Right to Buy	$10.03	2014-12-30	Common Stock (40000)	40000	Direct
Stock Option Right to Buy	$6.5	2016-01-17	Common Stock (20000)	20000	Direct
Stock Option Right to Buy	$9.3	2017-02-21	Common Stock (16000)	16000	Direct
Stock Option Right to Buy	$6.82	2017-12-12	Common Stock (20000)	20000	Direct

F1: The acquisition and sale reported on this Form 4 was effected puruant to a rule 10b5-1 trading plan adopted by Mr. Lupinetti on 12/14/07

F2: Stock Option