FREQUENCY ELECTRONICS INC — Director's Dealing 2003

Oct 21, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FREQUENCY ELECTRONICS INC (FEI)
CIK: 0000039020
Period of Report: 2003-10-16

Reporting Person: FRUEHAUF HUGO (President, FEI-Zyfer, Inc.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5515	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$8.33	2013-05-26	Common Stock (15000)		Direct

Footnotes

F1: Option grants are exercisable on a cumulative basis as to one-quarter of the total number of shares covered by the grant on each of the first, second, third and fourth anniversary dates of the date of option grant.

F2: Options expire ten years after the date of grant.