ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2003

Jul 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: POLIDORE TIMOTHY (Asst. Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-06-30	Common Stock - $.33 1/3 par value	J	224	$18.35	Acquired	834	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2001-03-01	Stock Option	$17.95	A	0	Acquired	2011-03-01	Common Stock (200)	Direct
2002-03-01	Stock Option	$19.85	A	0	Acquired	2012-03-01	Common Stock (200)	Direct
2003-03-04	Stock Option	$18.50	A	0	Acquired	2013-03-04	Common Stock (200)	Direct