X0201 4 2003-08-01 0 0000039020 FREQUENCY ELECTRONICS INC FEI 0001265921 MARTIRE LEONARD C/O FREQUENCY ELECTRONICS INC 55 CHARLES LINDBERGH BLVD MITCHEL FIELD NY 11553 0 1 0 0 Vice President, Marketing Incentive Stock Option 9.575 2003-08-01 4 A 0 5000 A 2004-08-01 2013-07-31 Common Stock 5000 44500 D On or about August 1, 2003, Frequency Electronics (the "Company") issued to the Reporting Person an option to purchase 8,000 shares of Common Stock at an exercise price of $9.575. This option becomes exercisable on August 1, 2004 and expires on July 31, 2013. The Reporting Person inadvertently failed to timely file this Statement of Changes in Beneficial Ownership on Form 4. Option grants are exercisable on a cumulative basis as to one-quarter of the total number of shares covered by the grant on each of the first, second, third and fourth anniversary dates of the date of option grant. Options are granted at the market value of the Company's Common Stock on the date of grant. Alan Miller by power of attorney 2003-10-24