X0201 42003-08-2700000919583CELERITEK INC/CA CLTK0001223765TARGOFF MICHAEL B1330 AVENUE OF THE AMERICAS, 36TH FLOORNEW YORKNY100191000Director stock option (right to buy)7.332003-08-274A0100000A2004-08-272013-08-27Common Stock1000010000DGrant to reporting person of option to buy 10,000 shares of Common Stock under the Celeritek, Inc. Outside Directors' Stock Option Plan. The option becomes excercisable as to 100% on August 27, 2004.MAGARET E. SMITH2003-08-29