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ESPEY MFG & ELECTRONICS CORP Director's Dealing 2008

May 28, 2008

34112_dirs_2008-05-28_55a55ea3-ce39-4d0e-88ec-4a18ad43ac69.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2008-05-27

Reporting Person: HELMETAG CARL (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-23 Stock Option $21.54 A 1400 Acquired 2018-05-23 Common Stock (1400) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock - $.33 1/3 par value 10800 Direct
Common Stock - $.33 1/3 par value 1504 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $17.80 2016-05-19 Common Stock (1400) 0 Direct
Stock Option $18.29 2017-02-21 Common Stock (1400) 0 Direct

Footnotes

F1: SEP IRA Account