Edgar Filing: PORTA SYSTEMS CORP

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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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1. Name and Address of Reporting Person ^*

FELDMAN HERBERT H

2. Issuer Name and Ticker or Trading Symbol
PORTA SYSTEMS CORP [PYTM.OB]

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

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

(Last)

(First)

(Middle)

C/O PORTA SYSTEMS CORP.,Â 6581 JERICHO TURNPIKE

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007

(Street)

SYOSSET,Â NYÂ 11791

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	Â	Â	Â	Â	Â	Â	59,631	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option ⁽¹⁾

$ 3.85

05/01/1998

04/30/2010

Common Stock

2,000

Stock Option ⁽¹⁾

$ 1.725

11/01/1999

04/30/2011

Common Stock

5,000

Stock Option ⁽¹⁾

$ 2.2875

11/01/2000

04/30/2010

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.32

11/01/2001

04/30/2011

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.07

11/01/2002

04/30/2012

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.031

11/01/2003

04/30/2014

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.073

11/01/2004

04/30/2014

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.14

11/01/2005

04/30/2015

Common Stock

5,000

Stock Option ⁽¹⁾

$ 0.11

11/01/2006

04/30/2016

Common Stock

5,000

Stock Option ⁽¹⁾

$ 1.5

05/07/2007

J⁽²⁾

15,000

05/08/1997

05/07/2007

Common Stock

15,000

$ 0

Stock Option ⁽¹⁾

$ 1.4188

05/01/2007

J⁽²⁾

2,000

05/01/1997

04/30/2007

Common Stock

2,000

$ 0

Stock Option ⁽¹⁾

$ 0.14

05/01/2007

J⁽²⁾

5,000

11/01/2007

04/30/2017

Common Stock

5,000

$ 0

47,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FELDMAN HERBERT H C/O PORTA SYSTEMS CORP. 6581 JERICHO TURNPIKE SYOSSET,Â NYÂ 11791	Â X	Â	Â	Â

Signatures

/s/ Herbert H. Feldman		02/15/2008
^**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)	The options are granted pursuant to one of the Company's 16b-3 stock incentive plans, and are exercisable in installments.
(2)	Transaction Code J (other acquisition or disposition): stock options expired by the terms of the stock option agreement.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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