ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2003

Aug 11, 2003

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2003-06-30

Reporting Person: PINSLEY BARRY (Director)

Derivative Transactions

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	37130	Direct
Common Stock - $.33 1/3 par value	3017	Indirect
Common Stock - $.33 1/3 par value	2000	Indirect

Footnotes

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