ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2004

Aug 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2004-08-23

Reporting Person: HELMETAG CARL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-20	Stock Option	$22.50	A	400	Acquired	2014-08-20	Common Stock (400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	3000	Direct
Common Stock - $.33 1/3 par value	500	Indirect
Common Stock - $.33 1/3 par value	800	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$19.85	2012-03-01	Common Stock (400)	0	Direct
Stock Option	$18.50	2013-03-04	Common Stock (400)	0	Direct

Footnotes

F1: Mr. Helmetag disclaims beneficial ownership of the share held by his spouse and in the trust of Molly K. Helmetag of which
Mr. Helmetag is trustee.