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 *
SHORE BRIAN E
   2. Issuer Name and Ticker or Trading Symbol
PARK ELECTROCHEMICAL CORP [PKE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Board Chairman, Pres. and CEO
(Last)
(First)
(Middle)
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2007
(Street)

 		 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)
Code V Amount (A) or (D) Price
Common Stock 05/21/2007   M   112,500 A $ 15.83 240,972 D  

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Right to buy option (1) $ 15.83 05/21/2007   M     112,500 05/22/1998 05/22/2007 Common Stock 112,500 $ 0 0 D  
Right to buy option (1) $ 15.83             05/28/1999 05/28/2008 Common Stock 60,000   60,000 D  
Right to buy option (1) $ 16.54             06/15/2000 06/15/2009 Common Stock 60,000   60,000 D  
Right to buy option (1) $ 15.92             05/22/2001 05/22/2010 Common Stock 75,000   75,000 D  
Right to buy option (1) $ 23.6             07/19/2002 07/19/2011 Common Stock 40,000   40,000 D  
Right to buy option (1) $ 29.05             03/20/2003 03/20/2012 Common Stock 25,000   25,000 D  
Right to buy option (1) $ 19.95             07/24/2004 07/24/2013 Common Stock 20,000   20,000 D  
Right to buy option (1) $ 23             07/08/2005 07/08/2014 Common Stock 20,000   20,000 D  
Right to buy option (1) $ 24.56             08/24/2006 08/24/2015 Common Stock 35,000   35,000 D  
Right to buy option (1) $ 25.35             08/03/2007 08/03/2016 Common Stock 35,000   35,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SHORE BRIAN E

 		   X     Board Chairman, Pres. and CEO  

Signatures

 Stephen E. Gilhuley, by power of attorney   05/21/2007
**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) Option is exercisable, commencing on the date indicated, as to 25% of the aggregate number of shares listed and as to an additional 25% of such shares on each succeeding anniversary of such date.

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