SYPRIS SOLUTIONS INC — Director's Dealing 2006

Mar 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2006-03-02

Reporting Person: KRAMER JOHN M (Group VP & Pres of Sub)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-02	Common Stock	A	12000	—	Acquired	65416	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-02	Options (Right to Buy)	$10.36	A	12500	Acquired	2012-03-01	Common Stock (12500)	Direct

Footnotes

F1: Restricted Stock Grant, pursuant to the 2004 Sypris Equity Plan, vesting in approximately one-third increments on the third, fifth and seventh anniversary dates.

F2: Options granted pursuant to the 2004 Sypris Equity Plan.

F3: Vesting: 30% on March 2, 2009; 30% on March 2, 2010 and 40% on March 2, 2011.