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SYPRIS SOLUTIONS INC Director's Dealing 2007

Jun 13, 2007

34630_dirs_2007-06-13_b8fb9ff2-5caf-406b-87bf-79a01f2bcc12.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: PETERSEN SIDNEY R/CA (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-06-12 Common Stock A 781 Acquired 38066 Direct
2007-06-12 Common Stock A 481 Acquired 38547 Direct
2007-06-12 Common Stock A 1595 Acquired 40142 Direct
2007-06-12 Common Stock A 712 Acquired 40854 Direct
2007-06-12 Common Stock A 1192 Acquired 42046 Direct
2007-06-12 Common Stock A 596 Acquired 42642 Direct
2007-06-12 Common Stock A 836 Acquired 43478 Direct
2007-06-12 Common Stock A 43 Acquired 43521 Direct
2007-06-12 Common Stock A 392 Acquired 43913 Direct
2007-06-12 Common Stock A 680 Acquired 44593 Direct
2007-06-12 Common Stock A 543 Acquired 45136 Direct
2007-06-12 Common Stock A 814 Acquired 45950 Direct
2007-06-12 Common Stock A 286 Acquired 46236 Direct
2007-06-12 Common Stock A 336 Acquired 46572 Direct
2007-06-12 Common Stock A 449 Acquired 47021 Direct
2007-06-12 Common Stock A 2 Acquired 47023 Direct
2007-06-12 Common Stock A 520 Acquired 47543 Direct
2007-06-12 Common Stock A 1327 Acquired 48870 Direct
2007-06-12 Common Stock A 1265 Acquired 50135 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-12 Option (Right to Buy) $10.21 D 1989 Disposed 2012-12-31 Common Stock (1989) Direct
2007-06-12 Option (Right to Buy) $10.25 D 1700 Disposed 2010-07-02 Common Stock (1700) Direct
2007-06-12 Option (Right to Buy) $10.33 D 3521 Disposed 2015-03-31 Common Stock (3521) Direct
2007-06-12 Option (Right to Buy) $10.36 D 1756 Disposed 2013-06-29 Common Stock (1756) Direct
2007-06-12 Option (Right to Buy) $10.74 D 2613 Disposed 2015-09-30 Common Stock (2613) Direct
2007-06-12 Option (Right to Buy) $10.90 D 1620 Disposed 2012-09-30 Common Stock (1620) Direct
2007-06-12 Option (Right to Buy) $11.92 D 1945 Disposed 2015-06-30 Common Stock (1945) Direct
2007-06-12 Option (Right to Buy) $13.00 D 1340 Disposed 2008-01-04 Common Stock (1340) Direct
2007-06-12 Option (Right to Buy) $13.02 D 1339 Disposed 2011-12-31 Common Stock (1339) Direct
2007-06-12 Option (Right to Buy) $13.51 D 1772 Disposed 2014-09-30 Common Stock (1772) Direct
2007-06-12 Option (Right to Buy) $14.00 D 1472 Disposed 2014-06-30 Common Stock (1472) Direct
2007-06-12 Option (Right to Buy) $15.31 D 2227 Disposed 2014-12-31 Common Stock (2227) Direct
2007-06-12 Option (Right to Buy) $15.60 D 1099 Disposed 2012-03-31 Common Stock (1099) Direct
2007-06-12 Option (Right to Buy) $16.03 D 1267 Disposed 2012-06-30 Common Stock (1267) Direct
2007-06-12 Option (Right to Buy) $16.10 D 1431 Disposed 2013-09-28 Common Stock (1431) Direct
2007-06-12 Option (Right to Buy) $16.12 D 949 Disposed 2007-09-28 Common Stock (949) Direct
2007-06-12 Option (Right to Buy) $16.81 D 1659 Disposed 2013-12-31 Common Stock (1659) 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

Footnotes

F18: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2003 to the reporting person. In exchange for this option grant the reporting person received 781 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F19: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 3, 2000 to the reporting person. In exchange for this option grant the reporting person received 481 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F20: 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 1,595 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F21: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on June 30, 2003 to the reporting person. In exchange for this option grant the reporting person received 712 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F22: 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 1,192 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F23: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 596 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F24: 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 836 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F25: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 1998 to the reporting person. In exchange for this option grant the reporting person received 43 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F26: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 392 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F27: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 680 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F28: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 543 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F29: 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 814 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F30: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 286 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F31: 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 336 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 September 29, 2003 to the reporting person. In exchange for this option grant the reporting person received 449 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F33: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on September 29, 1997 to the reporting person. In exchange for this option grant the reporting person received 2 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F34: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 520 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F35: 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 1,327 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F36: 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 1,265 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.