PARK AEROSPACE CORP — Director's Dealing 2008

Jul 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARK ELECTROCHEMICAL CORP (PKE)
CIK: 0000076267
Period of Report: 2008-06-30

Reporting Person: FRANK LLOYD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-30	Common Stock	M	7500	$12.58	Acquired	11500	Direct
2008-06-30	Common Stock	S	7500	$25.03	Disposed	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-30	Right to buy option	$12.58	M	7500	Disposed	2008-07-15	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Right to buy option	$23.96	2009-10-06	Common Stock (3000)	3000	Direct
Right to buy option	$15.92	2010-05-22	Common Stock (3000)	3000	Direct
Right to buy option	$24.08	2010-07-25	Common Stock (7500)	7500	Direct
Right to buy option	$23.6	2011-07-19	Common Stock (3000)	3000	Direct
Right to buy option	$29.05	2012-03-20	Common Stock (3000)	3000	Direct
Right to buy option	$19.95	2013-07-24	Common Stock (3000)	3000	Direct
Right to buy option	$23	2014-07-08	Common Stock (3000)	3000	Direct
Right to buy option	$24.56	2015-08-24	Common Stock (3000)	3000	Direct
Right to buy option	$25.35	2016-08-03	Common Stock (3000)	3000	Direct
Right to buy option	$30.28	2017-08-15	Common Stock (3000)	3000	Direct

Footnotes

F1: Weighted average selling price per share. Shares were sold in 69 transactions at prices ranging from $25.00 per share to $25.13 per share.

F2: The filing of this statement is not an admission that the undersigned is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of these shares.

F3: 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.