SIFCO INDUSTRIES INC — Director's Dealing 2005

Jan 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIFCO INDUSTRIES INC (SIF)
CIK: 0000090168
Period of Report: 2005-01-20

Reporting Person: CREAN TIMOTHY V (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-20	SIFCO Industries, Inc. Common Shares	M	12778	—	Acquired	86771	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-20	Stock options - right to purchase SIFCO common shares	$4.25	M	60000	Disposed	2005-10-31	SIFCO Industries, Inc. common shares (60000)	Direct

Footnotes

F1: 60,000 exercisable common share options with a strike price of $4.25 per common share were exercised on January 13, 2005. Using the closing common share price on January 12, 2005 of $5.40 per share, 12,778 common shares were issued.

F2: Field N/A to this transaction, but was completed to allow for electronic filing only.