CVD EQUIPMENT CORP — Director's Dealing 2007

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CVD EQUIPMENT CORP (CVV)
CIK: 0000766792
Period of Report: 2007-05-23

Reporting Person: Swan Bruce T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Stock	M	5000	$1.4	Acquired	14000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-23	Option to purchase common stock	$1.4	M	5000	Disposed	2010-09-23	Common Stock (5000)	Direct