ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2004

Jul 29, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2004-06-30

Reporting Person: PINSLEY HOWARD M (President/CEO/COB)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-30	Common Stock - $.33 1/3 par value	J	1210	—	Acquired	10712	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	42634	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$17.95	2011-03-01	Common Stock (2000)	0	Direct
Stock Option	$19.85	2012-03-01	Common Stock (2000)	0	Direct
Stock Option	$18.50	2013-03-04	Common Stock (2000)	6000	Direct