UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Providenti, A. C.
12 Matinecock Avenue
Port Washington, NY 11050
USA
2. Date of Event Requiring Statement (Month/Day/Year)
2/19/03
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
CPI Aerostructures, Inc.
CVU
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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Explanation of Responses:
CONFIRMING
STATEMENT
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This Statement confirms that the undersigned has authorized and designated
Arthur August or Edward J. Fred to execute and file on the
undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto)
that the undersigned may be required to file with the United States
Securities and Exchange Commission as a result of the undersigned's ownership
of or transactions in securities of CPI Aerostructures, Inc. The
authority of Arthur August and Edward J. Fred under this Statement shall
continue until the undersigned is no longer required to file Forms 3, 4 or 5
with regard to the undersigned's ownership of or transactions in securities of
CPI Aerostructures, Inc. unless earlier revoked in writing. The
undersigned acknowledges that Arthur August and Edward J. Fred are not assuming
any of the undersigned's responsibilities to comply with Section
16 of the Securities Exchange Act of
1934.
/s/ A. C. Providenti
A. C. Providenti
Dated: February 19, 2003
SIGNATURE OF REPORTING PERSON
/s/ A. C. Providenti
DATE
February 19, 2003