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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 oZ1WLDPVgnJ54rZ7k1KSHw==

<SEC-DOCUMENT>0000899681-03-000260.txt : 20030724
<SEC-HEADER>0000899681-03-000260.hdr.sgml : 20030724
<ACCEPTANCE-DATETIME>20030703171741
ACCESSION NUMBER:		0000899681-03-000260
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030701
FILED AS OF DATE:		20030703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KAUFMAN MATTHEW
		CENTRAL INDEX KEY:			0001126415

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26088
		FILM NUMBER:		03775842

	BUSINESS ADDRESS:	
		STREET 1:		12 EAST 49TH ST
		STREET 2:		STE 3200
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	MAIL ADDRESS:	
		STREET 1:		12 EAST 49TH ST
		STREET 2:		STE 3200
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PACIFIC AEROSPACE & ELECTRONICS INC
		CENTRAL INDEX KEY:			0000790023
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
		IRS NUMBER:				911744587
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0531

	BUSINESS ADDRESS:	
		STREET 1:		430 OLDS STATION RD
		CITY:			WENATCHEE
		STATE:			WA
		ZIP:			98801
		BUSINESS PHONE:		5096679600

	MAIL ADDRESS:	
		STREET 1:		430 OLDS STATION ROAD
		CITY:			WENATCHEE
		STATE:			WA
		ZIP:			98801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PCT HOLDINGS INC /NV/
		DATE OF NAME CHANGE:	19950223

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VERAZZANA VENTURES LTD
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VERAZZANA VENTURES SYSTEMS LTD
		DATE OF NAME CHANGE:	19890618
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-01</periodOfReport>
    <issuer>
        <issuerCik>0000790023</issuerCik>
        <issuerName>PACIFIC AEROSPACE &amp; ELECTRONICS INC</issuerName>
        <issuerTradingSymbol>PFAE.OB</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId>
            <rptOwnerCik>0001126415</rptOwnerCik>
            <rptOwnerName>KAUFMAN MATTHEW</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeSecurity><securityTitle><value>Common Stock</value><footnoteId id="F1"/><footnoteId id="F2"/></securityTitle><transactionDate><value>2003-07-01</value></transactionDate><deemedExecutionDate><value>2003-07-01</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>0</value><footnoteId id="F3"/></transactionShares><transactionValue><value>.001</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>22742136</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value>
</directOrIndirectOwnership><natureOfOwnership><value>See Footnote</value><footnoteId id="F4"/></natureOfOwnership></ownershipNature></nonDerivativeSecurity><footnotes><footnote id="F1">Greenwich Street Capital Partners II, L.P., Greenwich Fund, L.P., Greenwich Street Employees Fund, L.P., TRV Executive Fund, L.P. and GSC Recovery II, L.P. are Delaware limited partnerships.  GSCP Offshore Fund, L.P. is a Cayman Islands exempted limited partnership.  GSCP Recovery, Inc. is a Cayman Islands corporation.  All of the outstanding capital stock of GSCP Recovery, Inc. is owned by Greenwich Street Capital Partners II, L.P., GSCP Offshore Fund, L.P., Greenwich Street Employees Fund, L.P., Greenwich Fund, L.P. and TRV Executive Fund, L.P.  </footnote><footnote id="F2">GSC Recovery II GP, L.P. is the general partner of GSC Recovery II, L.P.  GSCP (NJ), L.P. is the manager of Greenwich Street Capital Partners II, L.P., GSCP Offshore Fund, L.P., Greenwich Fund, L.P., Greenwich Street Employees Fund, L.P. and TRV Executiv
e Fund, L.P. GSCP (NJ), L.P. is also the manager of GSC Recovery II, L.P. GSCP (NJ), Inc. is the general partner of GSCP (NJ), L.P. GSC RII, L.L.C. is the managing member of GSC Recovery II GP, L.P. GSCP (NJ) Holdings, L.P. is the general partner of GSC RII, L.L.C.  Mr. Kaufman is a managing member of Greenwich Street Investments II, L.L.C., a managing director, executive officer and shareholder of GSCP (NJ), Inc. and a limited partner of GSCP (NJ), L.P. and GSCP (NJ) Holdings, L.P.</footnote><footnote id="F3">On July 1, 2003 GSCP Recovery, Inc. purchased 2,901,424 shares of Common Stock, par value $0.001 per share (the &amp;quot;Common Stock&amp;quot;) of Pacific Aerospace &amp;amp; Electronics, Inc. (the &amp;quot;Company&amp;quot;) from a third party, bringing the total number of shares beneficially owned by the Group (as defined below) to 22,742,136.  Mr. Kaufman indireclty owns 22,742,136 shares of Common Stock by virtue of (i) his relationship with GSC Recovery II, L.P. and GSCP Recovery, Inc., describ
ed below, and (ii) GSC Recovery II, L.P. and GSCP Recovery, Inc. being members of the Group (as defined below).  Mr. Kaufman disclaims beneficial onership of the Company's securities except to the extent of his pecuniary interest in the Company's Common Stock.</footnote><footnote id="F4">On March 19, 2002 GSC Recovery II, L.P., GSCP Recovery, Inc. and certain other holders (the &amp;quot;Other Holders&amp;quot;) of entered into an agreement regarding, among other things, the manner in which the shares of Common Stock will be voted as to the election of members of the Board of Directors of the Company (the &amp;quot;Voting Agreement&amp;quot;).  As a result of the Voting Agreement, GSC Recovery II, L.P., GSCP Recovery, Inc. and the Other Holders (the &amp;quot;Group&amp;quot;) are deemed to be a group for purposes of Rule 16(a)(1) of the Securities Exchange Act of 1934.</footnote></footnotes><ownerSignature><signatureName>Matthew C. Kaufman</signatureName><signatureDate>2003-07-03</signatureDate></ownerSignat
ure></ownershipDocument>

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