SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Magliochetti Michael

(Last)

(First)

(Middle)

C/O SPIRE CORPORATION

ONE PATRIOTS PARK

(Street)

BEDFORD

01730-2396

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SPIRE CORP [ SPIR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2007

4. If Amendment, Date of 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

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, $0.01 par value	10/19/2007		M		2,500	A	$2.7	2,500	D
Common Stock, $0.01 par value	10/19/2007		S		2,500	D	$15.32⁽¹⁾	0	D
Common Stock, $0.01 par value	10/19/2007		M		938	A	$5.74	938	D
Common Stock, $0.01 par value	10/19/2007		S		938	D	$15.32⁽¹⁾	0	D
Common Stock, $0.01 par value	10/19/2007		M		938	A	$4.79	938	D
Common Stock, $0.01 par value	10/19/2007		S		938	D	$15.32⁽¹⁾	0	D
Common Stock, $0.01 par value	10/19/2007		M		625	A	$4.39	625	D
Common Stock, $0.01 par value	10/19/2007		S		625	D	$15.32⁽¹⁾	0	D
Common Stock, $0.01 par value	10/19/2007		M		625	A	$4.9	625	D
Common Stock, $0.01 par value	10/19/2007		S		625	D	$15.32⁽¹⁾	0	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Incentive Stock Option (right to buy)	$2.7	10/19/2007		M			2,500	08/22/2003⁽²⁾	08/22/2012	Common Stock	2,500	$2.7	0	D
Non-Incentive Stock Option (right to buy)	$5.74	10/19/2007		M			938	06/30/2005⁽²⁾	06/30/2014	Common Stock	938	$5.74	312	D
Non-Incentive Stock Option (right to buy)	$4.79	10/19/2007		M			938	09/30/2005⁽²⁾	09/30/2014	Common Stock	938	$4.79	312	D
Non-Incentive Stock Option (right to buy)	$4.39	10/19/2007		M			625	12/31/2005⁽²⁾	12/31/2014	Common Stock	625	$4.39	625	D
Non-Incentive Stock Option (right to buy)	$4.9	10/19/2007		M			625	03/31/2006⁽²⁾	03/31/2015	Common Stock	625	$4.9	625	D

Explanation of Responses:

1. Price is based on weighted average of sale price.

2. The option is exercisable in annual increments of 25% of the option shares, with the first increment becoming exercisable on the date shown in this column.

	Michael Magliochetti	10/22/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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