Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ROSENFELD ERIC
  2. 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) __X__ Other (specify below)
Former 10% Holder
(Last)
(First)
(Middle)
C/O CRESCENDO PARTNERS, L.P., 777 THIRD AVENUE, 37TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2012
(Street)

NEW YORK, NY 10017
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               121,000 D  
Common Stock 09/18/2012   S   13,205 D $ 12.24 870,129 (1) I By Crescendo Partners II, L.P. Series L
Common Stock 09/19/2012   S   1,910 D $ 12.05 868,219 (1) I By Crescendo Partners II, L.P. Series L
Common Stock 09/20/2012   S   8,546 D $ 11.81 859,673 (1) I By Crescendo Partners II, L.P. Series L
Common Stock 09/20/2012   J(2)   349,403 D $ 0 510,270 (1) I By Crescendo Partners II, L.P. Series L

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ROSENFELD ERIC
C/O CRESCENDO PARTNERS, L.P.
777 THIRD AVENUE, 37TH FLOOR
NEW YORK, NY 10017
  X     Former 10% Holder
CRESCENDO INVESTMENTS II LLC
777 THIRD AVENUE, 37TH FLOOR
NEW YORK, NY 10017
      Former 10% Holder
CRESCENDO PARTNERS II LP
777 THIRD AVENUE, 37TH FLOOR
NEW YORK, NY 10017
      Former 10% Holder

Signatures

 /s/ Eric Rosenfeld   09/20/2012
**Signature of Reporting Person Date

 Crescendo Investments II LLC, By: /s/ Eric Rosenfeld, Senior Managing Member   09/20/2012
**Signature of Reporting Person Date

 Crescendo Partners II, L.P. Series L, By: Crescendo Investments II LLC, its General Partner, By: /s/ Eric Rosenfeld, Senior Managing Member   09/20/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Rosenfeld is the senior managing member of Crescendo Investments II, LLC ("Crescendo Investments II"). Crescendo Investments II is the general partner of Crescendo Partners II, L.P. Series L ("Crescendo Partners II"). Mr. Rosenfeld and Crescendo Investments II disclaim beneficial ownership of the shares held by Crescendo Partners II, except to the extent of his or its pecuniary interest therein.
(2) Crescendo Partners II, L.P., Series L distributed the shares to its limited partners on a pro rata basis.
 
Remarks:
The Reporting Persons are no longer 10% Holders after accounting for the transactions reported in this jointly filed Form 4.  Crescendo Investments II, LLC and Crescendo Partners II, LP Series L are, accordingly, no longer subject to Section 16.  Mr. Rosenfeld is the Non-Executive Chairman of the Board of the Issuer, and accordingly remains subject to Section 16.

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