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SYPRIS SOLUTIONS INC Director's Dealing 2007

Jun 13, 2007

34630_dirs_2007-06-13_18ec734b-96ac-4751-b082-37f6513d98f4.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: SROKA ROBERT (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-06-12 Common Stock A 539 Acquired 7453 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-12 Option (Right to Buy) $17.25 D 1704 Disposed 2014-03-31 Common Stock (1704) Direct
2007-06-12 Option (Right to Buy) $19.00 D 6000 Disposed 2012-05-06 Common Stock (6000) Direct
2007-06-12 Option (Right to Buy) $20.70 D 4500 Disposed 2014-04-26 Common Stock (4500) Direct
2007-06-12 Option (Right to Buy) $7.90 A 3745 Acquired 2011-05-13 Common Stock (3745) Direct
2007-06-12 Option (Right to Buy) $7.90 A 3568 Acquired 2011-05-13 Common Stock (3568) Direct

Footnotes

F31: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 539 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F32: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on May 7, 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 3,745 shares having an exercise price equal to $7.90.

F33: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 27, 2004 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 3,568 shares having an exercise price equal to $7.90.