ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2003

Sep 9, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2003-09-08

Reporting Person: POMPAY JOHN J (Vice-President Sales/Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-08	Common Stock - $.33 1/3 par value	M	600	$13.25	Acquired	600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2000-03-01	Stock Option	$13.25	M	600	Disposed	2010-03-01	Common Stock (600)	Direct
2001-03-01	Stock Option	$17.95	A	0	Disposed	2011-03-01	Common Stock (800)	Direct
2002-03-01	Stock Option	$19.85	A	0	Disposed	2012-03-01	Common Stock (800)	Direct
2003-03-01	Stock Option	$18.50	A	0	Disposed	2013-03-01	Common Stock (800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	9984	Indirect