ESCO TECHNOLOGIES INC — Director's Dealing 2011

Sep 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCO TECHNOLOGIES INC (ESE)
CIK: 0000866706
Period of Report: 2011-08-31

Reporting Person: MUENSTER GARY E (Director, Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-31	Common Stock	S	100	$31.25	Disposed	149509	Direct
2011-08-31	Common Stock	M	9576	$12.64	Acquired	159085	Direct
2011-08-31	Common Stock	F	3920	$30.87	Disposed	155165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-31	Employee Stock Option (Right to Buy)	$12.64	M	9576	Disposed	2011-10-17	Common Stock (9576)	Direct

Footnotes

F1: Since the date of the Reporting Person's last Form 4, he transferred 43,277 shares of the Issuer's common stock to his ex-wife pursuant to a domestic relations order.

F2: 242 shares on 10-17-2002; 4,666 shares on 10-17-2003; 4,668 shares on 10-17-2004

F3: Not applicable