PARK AEROSPACE CORP — Director's Dealing 2007

Jul 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK ELECTROCHEMICAL CORP (PKE)
CIK: 0000076267
Period of Report: 2007-07-19

Reporting Person: KELLY JAMES W (VP, Taxes and Planning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-19	Common Stock	M	1500	$15.83	Acquired	1500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-19	Right to buy option	$15.83	M	1500	Disposed	2008-05-28	Common Stock (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	218	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Right to buy option	$16.54	2009-06-15	Common Stock (2250)	2250	Direct
Right to buy option	$15.92	2010-05-22	Common Stock (4500)	4500	Direct
Right to buy option	$23.6	2011-07-19	Common Stock (7500)	7500	Direct
Right to buy option	$29.05	2012-03-20	Common Stock (7500)	7500	Direct
Right to buy option	$19.95	2013-07-24	Common Stock (10000)	10000	Direct
Right to buy option	$23	2014-07-08	Common Stock (7500)	7500	Direct
Right to buy option	$24.56	2015-08-24	Common Stock (10000)	10000	Direct
Right to buy option	$25.35	2016-08-03	Common Stock (12500)	12500	Direct

Footnotes

F1: Option is exercisable, commencing on the date indicated, as to 25% of the aggregate number of shares listed and as to an additional 25% of such shares on each succeeding anniversary of such date.