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SYPRIS SOLUTIONS INC — Director's Dealing 2007
Jun 13, 2007
34630_dirs_2007-06-13_72156d2c-e08d-4442-9aa4-513debcd2239.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: ROBERTSON G DARRELL (VP and Pres of subsidiary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-06-12 | Common Stock | A | 4342 | — | Acquired | 45152.9656 | Direct |
| 2007-06-12 | Common Stock | F | 1346 | $8.27 | Disposed | 43806.9656 | Direct |
| 2007-06-12 | Common Stock | A | 3067 | — | Acquired | 46873.9656 | Direct |
| 2007-06-12 | Common Stock | F | 951 | $8.27 | Disposed | 45922.9656 | Direct |
| 2007-06-12 | Common Stock | A | 249 | — | Acquired | 46171.9656 | Direct |
| 2007-06-12 | Common Stock | F | 77 | $8.27 | Disposed | 46094.9656 | Direct |
| 2007-06-12 | Common Stock | A | 1469 | — | Acquired | 47563.9656 | Direct |
| 2007-06-12 | Common Stock | F | 456 | $8.27 | Disposed | 47107.9656 | Direct |
| 2007-06-12 | Common Stock | A | 626 | — | Acquired | 47733.9656 | Direct |
| 2007-06-12 | Common Stock | F | 194 | $8.27 | Disposed | 47539.9656 | Direct |
| 2007-06-12 | Common Stock | A | 1213 | — | Acquired | 48752.9656 | Direct |
| 2007-06-12 | Common Stock | F | 376 | $8.27 | Disposed | 48376.9656 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-06-12 | Options (Right to Buy) | $9.25 | D | 40000 | Disposed | 2008-02-27 | Common Stock (40000) | Direct |
| 2007-06-12 | Options (Right to Buy) | $11.92 | D | 12500 | Disposed | 2011-06-30 | Common Stock (12500) | Direct |
| 2007-06-12 | Options (Right to Buy) | $13.50 | D | 1700 | Disposed | 2010-02-25 | Common Stock (1700) | Direct |
| 2007-06-12 | Options (Right to Buy) | $13.50 | D | 10000 | Disposed | 2010-02-25 | Common Stock (10000) | Direct |
| 2007-06-12 | Options (Right to Buy) | $16.03 | D | 5000 | Disposed | 2010-06-30 | Common Stock (5000) | Direct |
| 2007-06-12 | Options (Right to Buy) | $19.01 | D | 7500 | Disposed | 2012-02-23 | Common Stock (7500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2700 | Indirect |
Footnotes
F1: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on February 28, 2000 to the reporting person. In exchange for this option grant the reporting person received 4,342 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 July 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 3,067 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 February 26, 2002 to the reporting person. In exchange for this option grant the reporting person received 249 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 February 26, 2002 to the reporting person. In exchange for this option grant the reporting person received 1,469 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 July 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 626 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 February 24, 2004 to the reporting person. In exchange for this option grant the reporting person received 1,213 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
F7: Canceled option provided for vesting in five equal installments beginning on February 28, 2002.
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, 2008. 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 July 1, 2004. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
F12: Canceled option provided for vesting in five equal installments beginning on February 24, 2006. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.