PARK AEROSPACE CORP — Director's Dealing 2005

Jul 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK ELECTROCHEMICAL CORP (PKE)
CIK: 0000076267
Period of Report: 2005-07-08

Reporting Person: WATSON GARY M (Sr. VP, Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-08	Common Stock	M	7500	$23.6	Acquired	7500	Direct
2005-07-08	Common Stock	M	2500	$19.95	Acquired	10000	Direct
2005-07-08	Common Stock	M	1875	$23	Acquired	11875	Direct
2005-07-08	Common Stock	S	11875	$25.69	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-08	Right to buy option	$23.6	M	7500	Disposed	2011-07-19	Common Stock (7500)	Direct
2005-07-08	Right to buy option	$19.95	M	2500	Disposed	2013-07-24	Common Stock (2500)	Direct
2005-07-08	Right to buy option	$23	M	1875	Disposed	2014-07-08	Common Stock (1875)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Right to buy option	$26.42	2010-07-12	Common Stock (22500)	22500	Direct
Right to buy option	$29.05	2012-03-20	Common Stock (15000)	15000	Direct

Footnotes

F1: Weighted average selling price per share. Shares were sold in 51 transactions at prices ranging from $25.98 per share to $25.40 per share.

F2: Option is exercisable as to 25% of the shares listed on the date indicated and as to an additional 25% of such shares on each succeeding anniversary of such date.

F3: Option is exercisable as to 2,500 shares on the date indicated and as to an additional 2,500 shares on each succeeding anniversary of such date.

F4: Option is exercisable as to 1,875 shares on the date indicated and as to an additional 1,875 shares on each succeeding anniversary of such date.