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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1. Name and Address of Reporting Person * Wright Stephen C   2. Issuer Name and Ticker or Trading Symbol AeroVironment Inc [AVAV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP of Finance, CFO, Secretary (Last) (First) (Middle) C/O AEROVIRONMENT, INC., 181 W. HUNTINGTON DRIVE, SUITE 202 3. Date of Earliest Transaction (Month/Day/Year) 07/26/2007 (Street) MONROVIA, CA 91016 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 07/26/2007   S(1)   100 D $ 20.75 201 D   Common Stock 07/26/2007   S(1)   100 D $ 20.8 101 D   Common Stock 07/26/2007   S(1)   100 D $ 20.81 1 D   Common Stock 07/26/2007   S(1)   1 D $ 20.84 0 D   Common Stock 07/27/2007   M(1)   15,000 A $ 0.637 15,000 D   Common Stock 07/27/2007   S(1)   100 D $ 20 14,900 D   Common Stock 07/27/2007   S(1)   300 D $ 20.01 14,600 D   Common Stock 07/27/2007   S(1)   100 D $ 20.02 14,500 D   Common Stock 07/27/2007   S(1)   600 D $ 20.03 13,900 D   Common Stock 07/27/2007   S(1)   500 D $ 20.04 13,400 D   Common Stock 07/27/2007   S(1)   876 D $ 20.05 12,524 D   Common Stock 07/27/2007   S(1)   100 D $ 20.06 12,424 D   Common Stock 07/27/2007   S(1)   200 D $ 20.07 12,224 D   Common Stock 07/27/2007   S(1)   300 D $ 20.08 11,924 D   Common Stock 07/27/2007   S(1)   100 D $ 20.13 11,824 D   Common Stock 07/27/2007   S(1)   200 D $ 20.15 11,624 D   Common Stock 07/27/2007   S(1)   500 D $ 20.16 11,124 D   Common Stock 07/27/2007   S(1)   200 D $ 20.17 10,924 D   Common Stock 07/27/2007   S(1)   475 D $ 20.18 10,449 D   Common Stock 07/27/2007   S(1)   100 D $ 20.19 10,349 D   Common Stock 07/27/2007   S(1)   300 D $ 20.2 10,049 D   Common Stock 07/27/2007   S(1)   400 D $ 20.21 9,649 D   Common Stock 07/27/2007   S(1)   100 D $ 20.22 9,549 D   Common Stock 07/27/2007   S(1)   100 D $ 20.23 9,449 D   Common Stock 07/27/2007   S(1)   100 D $ 20.24 9,349 D   Common Stock 07/27/2007   S(1)   800 D $ 20.25 8,549 D   Common Stock 07/27/2007   S(1)   600 D $ 20.26 7,949 D   Common Stock 07/27/2007   S(1)   1,900 D $ 20.28 6,049 D   Common Stock               1 I See footnote (3)

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

Stock Options (Right to Purchase)

$ 0.637

07/27/2007

M(1)

15,000

(2)

10/15/2012

Common Stock

15,000

$ 0

70,200

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Wright Stephen C C/O AEROVIRONMENT, INC. 181 W. HUNTINGTON DRIVE, SUITE 202 MONROVIA, CA 91016			VP of Finance, CFO, Secretary

Signatures

/s/ Marco Quihuis, Attorney-in-fact		07/30/2007
**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)	The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Stephen C. Wright on March 27, 2007.
(2)	The option vests in five equal annual installments beginning one year from October 15, 2002.
(3)	Held by the Stephen Wright and Jean O'Connell Living Trust Dated October 22, 2004 of which Mr. Wright is one of the trustees. Mr. Wright disclaims beneficial ownership of any securities in which he doesn't have a pecuniary interest.

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