ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2003

Sep 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2003-09-02

Reporting Person: PINSLEY BARRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-02	Common Stcok-$.33 1/3 par value	M	700	$13.25	Acquired	37830	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2001-03-01	Stock Option	$17.95	M	0	Disposed	2011-03-01	Common Stock (500)	Direct
2002-03-01	Stock Option	$19.85	M	0	Disposed	2012-03-01	Common Stock (500)	Direct
2003-03-01	Stock Option	$18.50	M	0	Disposed	2013-03-04	Common Stock (500)	Direct
2000-03-01	Stock Option	$13.25	M	700	Disposed	2010-03-01	Common Stock (700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stcok-$.33 1/3 par value	3161	Indirect
Common Stcok-$.33 1/3 par value	2000	Indirect

Footnotes

F1: Mr. Pinsley disclaims beneficial ownership of the share held by his spouse.