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: GILHULEY STEPHEN E (Sr. VP, Secy, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-08	Common Stock	F	2880	$25.98	Disposed	0	Direct
2005-07-08	Common Stock	M	1616	$15.83	Acquired	1616	Direct
2005-07-08	Common Stock	M	3094	$15.92	Acquired	4710	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-08	Right to buy option	$15.83	M	1616	Disposed	2008-05-28	Common Stock (1616)	Direct
2005-07-08	Right to buy option	$15.92	M	3094	Disposed	2010-05-22	Common Stock (3094)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Right to buy option	$16.42	2006-05-14	Common Stock (3000)	3000	Direct
Right to buy option	$16.54	2009-06-15	Common Stock (4500)	4500	Direct
Right to buy option	$23.6	2011-07-19	Common Stock (20000)	20000	Direct
Right to buy option	$29.05	2012-03-20	Common Stock (10000)	10000	Direct
Right to buy option	$19.95	2013-07-24	Common Stock (7500)	7500	Direct
Right to buy option	$23	2014-07-08	Common Stock (7500)	7500	Direct

Footnotes

F1: Option is exercisable as to 491 shares on the date indicated and as to 1,125 shares on the next succeeding anniversary of such date.

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

F3: Option is exercisable as to 1,875 shares on the date indicated and as to 1,875 additional shares on each of the three succeeding anniversaries of such date.