ESPEY MFG & ELECTRONICS CORP — Director's Dealing 2009

Feb 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESPEY MFG & ELECTRONICS CORP (ESP)
CIK: 0000033533
Period of Report: 2009-02-23

Reporting Person: SASLOW SEYMOUR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-23	Common Stock - $.33 1/3 par value	P	200	$16.36	Acquired	11716	Direct
2009-02-23	Common Stock - $.33 1/3 par value	P	800	$16.5	Acquired	12516	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-20	Stock Option	$17.09	A	1200	Acquired	2019-02-20	Common Stock (1200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - $.33 1/3 par value	11516	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$17.36	2015-10-13	Common Stock (500)	0	Direct
Stock Option	$17.80	2016-05-19	Common Stock (1000)	0	Direct
Stock Option	$18.29	2017-02-21	Common Stock (1000)	0	Direct
Stock Option	$21.54	2018-05-23	Common Stock (1000)	0	Direct

Footnotes

F1: SEP IRA ACCT