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SYPRIS SOLUTIONS INC — Director's Dealing 2007
Jun 13, 2007
34630_dirs_2007-06-13_c234edce-1279-4c59-bc20-27fac55d0ace.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: DAVIS RICHARD L (Senior Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-06-12 | Option (Right to Buy) | $9.98 | D | 7500 | Disposed | 2011-12-30 | Common Stock (7500) | Direct |
| 2007-06-12 | Option (Right to Buy) | $10.50 | D | 10000 | Disposed | 2008-02-21 | Common Stock (10000) | Direct |
| 2007-06-12 | Option (Right to Buy) | $11.92 | D | 12500 | Disposed | 2011-06-30 | Common Stock (12500) | Direct |
| 2007-06-12 | Option (Right to Buy) | $13.50 | D | 3000 | Disposed | 2010-02-25 | Common Stock (3000) | Direct |
| 2007-06-12 | Option (Right to Buy) | $13.50 | D | 10000 | Disposed | 2010-02-25 | Common Stock (10000) | Direct |
| 2007-06-12 | Option (Right to Buy) | $16.03 | D | 5000 | Disposed | 2010-06-30 | Common Stock (5000) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 7437 | Acquired | 2011-05-13 | Common Stock (7437) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 2177 | Acquired | 2011-05-13 | Common Stock (2177) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 9648 | Acquired | 2011-05-13 | Common Stock (9648) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 1386 | Acquired | 2011-05-13 | Common Stock (1386) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 4621 | Acquired | 2011-05-13 | Common Stock (4621) | Direct |
| 2007-06-12 | Option (Right to Buy) | $7.90 | A | 1971 | Acquired | 2011-05-13 | Common Stock (1971) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 106716 | Direct |
Footnotes
F1: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on February 22, 2000 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 2,177 shares having an exercise price equal to $7.90.
F2: 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 a replacement option (reported herein), on June 12, 2007 for 9,648 shares having an exercise price equal to $7.90.
F3: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on February 26, 2002 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,386 shares having an exercise price equal to $7.90.
F4: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on February 26, 2002 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,621 shares having an exercise price equal to $7.90.
F5: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2002 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,971 shares having an exercise price equal to $7.90.
F6: Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively beginning on December 31, 2008. On December 31, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F7: Canceled option provided for vesting in five equal installments beginning on February 22, 2002. On April 25, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F8: Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively beginning on July 1, 2005. On December 31, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F9: Canceled option provided for vesting in five equal installments beginning on February 26, 2004. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F10: Canceled option provided for vesting in five equal installments beginning on February 26, 2004. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F11: Canceled option provided for vesting in five equal installments beginning on July1, 2004. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F12: 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 a replacement option (reported herein), on June 12, 2007 for 7,437 shares having an exercise price equal to $7.90.