POWELL INDUSTRIES INC — Director's Dealing 2008

Jun 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POWELL INDUSTRIES INC (POWL)
CIK: 0000080420
Period of Report: 2008-06-25

Reporting Person: HONEYCUTT MILBURN E (Vice President, Corp Controlle)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-25	Common Stock	M	1500	$18.44	Acquired	1500	Direct
2008-06-25	Common Stock	S	1500	$51.53	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-25	Stock Options	$18.44	M	1500	Disposed	2011-06-24	Common Stock (1500)	Direct

Footnotes

F1: Stock Options become exercisable in equal installments on each of the first five anniversaries of 6/24/2005, the date of the Grant.