POWELL INDUSTRIES INC — Director's Dealing 2005

Mar 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POWELL INDUSTRIES INC (POWL)
CIK: 0000080420
Period of Report: 2005-03-18

Reporting Person: GREGORY ROBERT B (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-18	Common Stock	M	1500	$15.10	Acquired	0	Direct
2005-03-18	Common Stock	S	1500	$18.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-18	Employee Stock Options	$15.10	M	1500	Disposed	2010-06-25	Common Stock (1500)	Direct

Footnotes

F1: Becomes exercisable in equal installments on each of the first five anniversaries of 06/25/2003, the date of the grant.