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SYPRIS SOLUTIONS INC Director's Dealing 2007

Jun 14, 2007

34630_dirs_2007-06-14_48cb3479-b00f-422f-9c95-1e10144baf7c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2007-06-12

Reporting Person: FERKO WILLIAM G (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-06-12 Common Stock A 1667 Acquired 7153 Direct
2007-06-12 Common Stock A 1392 Acquired 8545 Direct
2007-06-12 Common Stock A 1765 Acquired 10310 Direct
2007-06-12 Common Stock A 1239 Acquired 11549 Direct
2007-06-12 Common Stock A 2860 Acquired 14409 Direct
2007-06-12 Common Stock A 691 Acquired 15100 Direct
2007-06-12 Common Stock A 1070 Acquired 16170 Direct
2007-06-12 Common Stock A 998 Acquired 17168 Direct
2007-06-12 Common Stock A 1093 Acquired 18261 Direct
2007-06-12 Common Stock A 3655 Acquired 21916 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-12 Option (Right to Buy) $8.35 D 3194 Disposed 2016-09-30 Common Stock (3194) Direct
2007-06-12 Option (Right to Buy) $9.43 D 2830 Disposed 2016-03-31 Common Stock (2830) Direct
2007-06-12 Option (Right to Buy) $9.45 D 3559 Disposed 2016-06-30 Common Stock (3559) Direct
2007-06-12 Option (Right to Buy) $9.98 D 2599 Disposed 2015-12-30 Common Stock (2599) Direct
2007-06-12 Option (Right to Buy) $9.98 D 6000 Disposed 2015-12-30 Common Stock (6000) Direct
2007-06-12 Option (Right to Buy) $10.01 D 1500 Disposed 2015-04-25 Common Stock (1500) Direct
2007-06-12 Option (Right to Buy) $10.33 D 2362 Disposed 2015-03-31 Common Stock (2362) Direct
2007-06-12 Option (Right to Buy) $10.74 D 2189 Disposed 2015-09-30 Common Stock (2189) Direct
2007-06-12 Option (Right to Buy) $11.92 D 2543 Disposed 2015-06-30 Common Stock (2543) Direct
2007-06-12 Option (Right to Buy) $15.31 D 10000 Disposed 2014-12-31 Common Stock (10000) Direct

Footnotes

F1: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,667 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F2: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,392 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F3: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,765 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F4: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on December 31, 2005 to the reporting person. In exchange for this option grant the reporting person received 1,239 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F5: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on December 31, 2005 to the reporting person. In exchange for this option grant the reporting person received 2,860 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F6: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 26, 2005 to the reporting person. In exchange for this option grant the reporting person received 691 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F7: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 1,070 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F8: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 998 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F9: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 1,093 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F10: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 3,655 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.