ESP Espey Manufacturing and Electronics Corp

CUSIP No. 296650 10 4 13G Page 2 of 6 Pages

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1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
 Howard Pinsley

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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) |_|
 (b) |_|

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3. SEC USE ONLY


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4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA

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 NUMBER OF 5. SOLE VOTING POWER
 128,496*
 SHARES
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 BENEFICIALLY 6. SHARED VOTING POWER
 0
 OWNED BY
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 EACH 7. SOLE DISPOSITIVE POWER
 128,496*
 REPORTING
 --------------------------------------------------

 PERSON 8. SHARED DISPOSITIVE POWER

 WITH 0
 --------------------------------------------------

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

128,496*

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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 |_|

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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5%**


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12. TYPE OF REPORTING PERSON*
IN


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 *SEE INSTRUCTIONS BEFORE FILLING OUT!

*24,928 of such shares are shares allocated to Mr. Howard Pinsley as of June 30,
2006 (the effective date of the most recent notice of allocated shares to
participants) as a participant in the Issuer's Employee Stock Ownership Plan ,
8,000 of such shares may be acquired upon exercise of options granted to Mr.
Howard Pinsley pursuant to the Issuer's 2000 Stock Option Plan

**Based on 2,312,773 shares issued and outstanding as of December 31, 2007

CUSIP No. 296650 10 4 13G Page 3 of 6 Pages

Item 1(a). Name of Issuer:
 Espey Mfg. & Electronics Corp.

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Item 1(b). Address of Issuer's Principal Executive Offices:
 233 Ballston Ave., Saratoga Springs, NY 12866

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Item 2(a). Name of Person Filing:
 Howard Pinsley

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Item 2(b). Address of Principal Business Office, or if None, Residence:
 233 Ballston Ave.
 Saratoga Springs, NY 12866
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Item 2(c). Citizenship:
 USA

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Item 2(d). Title of Class of Securities:
 Common Stock, par value $0.33 1/3 per share (the "Common Stock")

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Item 2(e). CUSIP Number:
 296650 10 4

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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
 or (c), Check Whether the Person Filing is a:

 (a) |_| Broker or dealer registered under Section 15
 of the Exchange Act.

 (b) |_| Bank as defined in Section 3(a)(6) of the
 Exchange Act.

 (c) |_| Insurance company as defined in Section
 3(a)(19) of the Exchange Act.

 (d) |_| Investment company registered under Section 8
 of the Investment Company Act.

 (e) |_| An investment adviser in accordance with Rule
 13d-1(b)(1)(ii)(E);

 (f) |_| An employee benefit plan or endowment fund in
 accordance with Rule 13d-1(b)(1)(ii)(F);

 (g) |_| A parent holding company or control person in
 accordance with Rule 13d-1(b)(1)(ii)(G);

 (h) |_| A savings association as defined in Section
 3(b) of the Federal Deposit Insurance Act;

 (i) |_| A church plan that is excluded from the
 definition of an investment company under Section
 3(c)(14) of the Investment Company Act;

 (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

CUSIP No. 296650 10 4 13G Page 4 of 6 Pages

Item 4. Ownership.

 Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

 (a) Amount beneficially owned: 128,496*


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 (b) Percent of class: 5.5%**

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 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote 128,496*,
 --------

 (ii) Shared power to vote or to direct the vote 0,
 -

 (iii) Sole power to dispose or to direct the disposition of
 128,496*,
 --------

 (iv) Shared power to dispose or to direct the disposition of 0
 -

*24,928 of such shares are shares allocated to Mr. Howard Pinsley as of June 30,
2006 (the effective date of the most recent notice of allocated shares to
participants) as a participant in the Issuer's Employee Stock Ownership Plan ,
8,000 of such shares may be acquired upon exercise of options granted to Mr.
Howard Pinsley pursuant to the Issuer's 2000 Stock Option Plan

**Based on 2,312,773 Shares Issued and Outstanding as of December 31, 2007

Item 5. Ownership of Five Percent or Less of a Class.

 If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].

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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
 N/A
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Item 7. Identification and Classification of the Subsidiary Which
 Acquired the Security Being Reported on by the Parent Holding
 Company or Control Person.
 N/A
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Item 8. Identification and Classification of Members of the Group.
 N/A
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Item 9. Notice of Dissolution of Group.
 N/A
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Item 10. Certifications.
 N/A

 (a) The following certification shall be included if the statement
 is filed pursuant to Rule 13d-1(b):

 "By signing below I certify that, to the best of my knowledge
 and belief, the securities referred to above were acquired and
 are held in the ordinary course of business and were not
 acquired and not held for the purpose of or with the effect of
 changing or influencing the control of the issuer of the
 securities and were not acquired and are not held in
 connection with or as a participant in any transaction having
 such purpose or effect."

CUSIP No. 296650 10 4 13G Page 5 of 6 Pages


 (b) The following certification shall be included if the statement
 is filed pursuant to Rule 13d-1(c):

 "By signing below I certify that, to the best of my knowledge
 and belief, the securities referred to above were not acquired
 and are not held for the purpose of or with the effect of
 changing or influencing the control of the issuer of the
 securities and were not acquired and are not held in
 connection with or as a participant in any transaction having
 such purpose or effect."