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 *
ESANU WARREN 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, 6851 JERICHO TURNPIKE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2003
(Street)


SYOSSET, NY 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             50,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. 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 04/30/2008 Common Stock
2,000
  2,000
D
 
Stock Option (1) $ 1.4188           05/01/1997 04/30/2007 Common Stock
15,000
  15,000
D
 
Stock Option (1) $ 3.25           02/02/1998 02/01/2004 Common Stock
15,000
  15,000
D
 
Stock Option (1) $ 1.5           05/08/1997 05/07/2007 Common Stock
2,000
  2,000
D
 
Stock Option (1) $ 1.725           11/01/1999 05/01/2009 Common Stock
5,000
  5,000
D
 
Stock Option (1) $ 2.2875           11/01/2000 05/01/2010 Common Stock
5,000
  5,000
D
 
Stock Option $ 0.32           11/01/2001 05/01/2011 Common Stock
5,000
  5,000
D
 
Stock Option (1) $ 0.07           11/01/2002 05/01/2012 Common Stock
5,000
  5,000
D
 
Stock Option (1) $ 0.31 05/01/2003   L 5,000   11/01/2003 05/01/2013 Common Stock
5,000
$ 0 5,000
D
 
Series C Warrants (2) $ 2.14 12/31/2003   J(3)   2,500 01/27/1999 12/31/2003 Common Stock
2,500
$ 0 0
I
By ERMC Plan (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ESANU WARREN H
C/O PORTA SYSTEMS CORP
6851 JERICHO TURNPIKE
SYOSSET, NY 11791		   X      

Signatures

/s/ Warren H. Esanu 03/29/2005
**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) The warrant, which was acquired and expired unexercised in accordance with their terms on the transaction dates indicated, was owned by Elmira Realty Management Corp Pension and Profit Sharing Plan (the "ERMC Plan"). Under the terms of the ERMC Plan, Mr. Esanu has sole voting and dispositive power with respect to the shares issuable upon the exercise of the warrant. The warrants were issued in connection with subordinated notes which were purchased by the ERMC Plan.
(3) Transaction Code J (other acquisition or disposition): warrant expired unexercised by the terms of the warrant agreement.

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