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 *
Jacobson Jeffrey
   2. Issuer Name and Ticker or Trading Symbol
PRESSTEK INC /DE/ [PRST] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
55 EXECUTIVE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
05/10/2007
(Street)

HUDSON, NH 03051		 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 (1) 05/10/2007   A   300,000 A $ 0.01 300,000 D  

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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
Options to Purchase Common Stock $ 6.14 (2) 05/10/2007   A   1,000,000   05/10/2007(3) 05/10/2012(4) Common Stock 1,000,000 $ 6.14 1,000,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Jacobson Jeffrey
55 EXECUTIVE DRIVE
HUDSON, NH 03051		       President and CEO  

Signatures

 James F. Scafide by POA dated May 14, 2007   05/14/2007
**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) These shares were issued pursuant to NASDAQ Rule 4350(i)(1)(A)(iv) as an inducement material to Mr. Jacobson entering into employment with the Company.
(2) These non-plan options, which were issued in accordance with NASDAQ Rule 4350(i)(1)(A)(iv) as an inducement material to Mr. Jacobson entering into employment with the Company, have an exercise price of $6.14, which, in accordance with Mr. Jacobson's Employment Agreement with the Company, is determined by the average closing price of a share of the Company's Common Stock for the five (5) trading days immediately prior to the effective date of such Employment Agreement.
(3) This reflects the first date that a portion (one-fifth) of these Options vest. In accordance with the Non-Plan, Nonqualified Stock Option Agreement executed by Mr. Jacobson, the Options pursuant to this grant vest as follows: May 10, 2007, 200,000; January 1, 2008, 200,000; January 1, 2009, 200,000; January 1, 2010, 200,000; and January 1, 2011, 200,000.
(4) This reflects the first date that a portion (one-fifth) of these Options terminate. In accordance with the Non-Plan, Nonqualified Stock Option Agreement executed by Mr. Jacobson, the Options pursuant to this grant terminate five years after the options have vested, and shall, therefore, terminate as follows: Options vesting on May 10, 2007, May 10, 2012; January 1, 2008, January 1, 2013; January 1, 2009, January 1, 2014; January 1, 2010, January 1, 2015; and January 1, 2011, January 1, 2016.

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