ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2004

Feb 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2004-02-18

Reporting Person: ONEIL DAVID A (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-18	Common Stock - $.33 1/3 par value	M	800	$17.95	Acquired	2400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-18	Stock Option	$17.95	M	800	Disposed	2011-03-01	Common Stock (0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	1801	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$0.00	2012-03-01	Common Stock (800)	0	Direct
Stock Option	$0.00	2013-03-04	Common Stock (800)	1600	Direct