Edgar Filing: WECHSLER NORMAN J

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 ^*

WECHSLER NORMAN J

2. Issuer Name and Ticker or Trading Symbol
CPS TECHNOLOGIES CORP/DE/ [CPSH.OB]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

P.O. BOX 5123, 17 TIMBERLAND DRIVE, CRESTED BUTTE, CO 81225

3. Date of Earliest Transaction (Month/Day/Year)
02/15/1995

(Street)

MOUNT KISCO, NY 10549

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.01 par value	09/30/1995		J⁽¹⁾		169,980	A	$ 0.42	1,669,980	I	By Waco Partners
Common Stock, $.01 par value	03/23/1998		C		500,000	A	$ 0.5	1,669,980	I	By Waco Partners
Common Stock, $.01 par value	05/05/1998		C		1,000,000	A	$ 0.5	1,669,980	I	By Waco Partners
Common Stock, $.01 par value	04/16/2004		J⁽²⁾		1,669,980	D	$ 0	0	I	By Waco Partners
Common Stock, $.01 par value	04/16/2004		J⁽³⁾		1,484,429	A	$ 0	1,484,429	I	By CYB Master LLC
Common Stock, $.01 par value	03/15/2000		P		1,000	A	$ 3.25	1,485,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	10/16/2000		P		2,500	A	$ 1	1,487,929	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	12/01/2000		P		2,500	A	$ 0.75	1,490,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	12/15/2000		P		10,000	A	$ 0.5	1,500,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	03/30/2001		P		13,200	A	$ 0.38	1,513,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	05/06/2001		P		8,000	A	$ 0.25	1,521,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	01/10/2002		S		5,000	D	$ 0.85	1,516,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	07/03/2002		P		5,000	A	$ 0.5	1,521,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	07/17/2002		P		5,000	A	$ 0.4	1,526,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	08/13/2003		P		40,000	A	$ 0.3	1,566,629	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	02/06/2007		S		2,200	D	$ 1.78	1,564,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	03/08/2007		S		3,000	D	$ 1.95	1,561,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	03/15/2007		S		1,300	D	$ 2.25	1,560,129	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	03/15/2007		S		8,700	D	$ 2.25	1,551,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	04/10/2007		S		1,000	D	$ 2.95	1,550,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	04/12/2007		S		4,000	D	$ 2.95	1,546,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	04/13/2007		S		1,000	D	$ 3.35	1,545,429	I	By Wechsler & Co., Inc.
Common Stock, $.01 par value	04/16/2007		S		1,800	D	$ 3.35	1,543,629	I	By Wechsler & Co., Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

10% Subordinated Convertible Note due 1996

$ 0.5

03/23/1998

500,000

02/15/1995

04/21/1996

Common Stock

500,000

⁽⁵⁾

By Waco Partners

10% Subordinated Convertible Note due 2001

$ 0.5

05/05/1998

1,000,000

04/21/1996

04/21/2001

Common Stock

1,000,000

⁽⁵⁾

By Waco Partners

Rights to Acquire Warrants Upon Conv of Conv Notes

$ 0.5

02/15/1995

J⁽⁴⁾

1,125,000

02/15/1995

Common Stock

1,125,000

⁽⁵⁾

By Waco Partners

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
WECHSLER NORMAN J P.O. BOX 5123, 17 TIMBERLAND DRIVE CRESTED BUTTE, CO 81225 MOUNT KISCO, NY 10549		X

Signatures

/s/ Norman J.Wechsler		05/23/2007
^**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)	The 169,980 shares of Common Stock reported herein were issued to the Reporting Person in lieu of interest payable on convertible notes owned by the Reporting Person
(2)	Waco Partners was dissolved on April 16, 2004 and distributed all of the shares of Common Stock of the Issuer owned by it to its partners
(3)	Shares of Common Stock to which Mr. Wechsler was entitled were distributed to CYB Master LLC by Waco Partners upon its dissolution. CYB Master is a Delaware limited liability company wholly owned by Mr. Wechsler.
(4)	The rights to acquire warrants for 1,125,000 shares of Common Stock of the Issuer expired when the 10% Subordinated Convertible Notes due 1996 and 2001 were not converted by 2/15/1995
(5)	N/A

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