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SYPRIS SOLUTIONS INC Director's Dealing 2007

Jun 13, 2007

34630_dirs_2007-06-13_7164ab66-11b4-4754-92c8-a876cfdad109.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 768 Acquired 14272 Direct
2007-06-12 Common Stock A 648 Acquired 14920 Direct
2007-06-12 Common Stock A 1761 Acquired 16681 Direct
2007-06-12 Common Stock A 475 Acquired 17156 Direct
2007-06-12 Common Stock A 564 Acquired 17720 Direct
2007-06-12 Common Stock A 597 Acquired 18317 Direct
2007-06-12 Common Stock A 1712 Acquired 20029 Direct
2007-06-12 Common Stock A 397 Acquired 20426 Direct
2007-06-12 Common Stock A 2554 Disposed 22980 Direct
2007-06-12 Common Stock A 1630 Acquired 24610 Direct
2007-06-12 Common Stock A 1336 Acquired 25946 Direct
2007-06-12 Common Stock A 383 Acquired 26329 Direct
2007-06-12 Common Stock A 2923 Acquired 29252 Direct
2007-06-12 Common Stock A 1506 Acquired 30758 Direct
2007-06-12 Common Stock A 2860 Acquired 33618 Direct
2007-06-12 Common Stock A 396 Acquired 34014 Direct
2007-06-12 Common Stock A 505 Acquired 34519 Direct
2007-06-12 Common Stock A 2766 Acquired 37285 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-06-12 Option (Right to Buy) $8.00 D 1914 Disposed 2011-07-01 Common Stock (1914) Direct
2007-06-12 Option (Right to Buy) $8.00 D 2653 Disposed 2008-09-27 Common Stock (2653) Direct
2007-06-12 Option (Right to Buy) $8.35 D 3375 Disposed 2016-09-30 Common Stock (3375) Direct
2007-06-12 Option (Right to Buy) $8.50 D 2403 Disposed 2008-06-28 Common Stock (2403) Direct
2007-06-12 Option (Right to Buy) $8.75 D 1645 Disposed 2010-10-01 Common Stock (1645) Direct
2007-06-12 Option (Right to Buy) $9.00 D 2037 Disposed 2009-12-31 Common Stock (2037) Direct
2007-06-12 Option (Right to Buy) $9.13 D 10000 Disposed 2008-06-23 Common Stock (10000) Direct
2007-06-12 Option (Right to Buy) $9.19 D 1567 Disposed 2009-06-27 Common Stock (1567) Direct
2007-06-12 Option (Right to Buy) $9.30 D 6000 Disposed 2013-04-28 Common Stock (6000) Direct
2007-06-12 Option (Right to Buy) $9.43 D 3312 Disposed 2016-03-31 Common Stock (3312) Direct
2007-06-12 Option (Right to Buy) $9.45 D 2694 Disposed 2016-06-30 Common Stock (2694) Direct
2007-06-12 Option (Right to Buy) $9.63 D 1496 Disposed 2009-09-26 Common Stock (1496) Direct
2007-06-12 Option (Right to Buy) $9.63 D 10000 Disposed 2010-05-01 Common Stock (10000) Direct
2007-06-12 Option (Right to Buy) $9.98 D 3161 Disposed 2015-12-30 Common Stock (3161) 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) $10.00 D 1439 Disposed 2010-03-28 Common Stock (1439) Direct
2007-06-12 Option (Right to Buy) $10.00 D 1441 Disposed 2011-09-30 Common Stock (1441) Direct
2007-06-12 Option (Right to Buy) $10.01 D 6000 Disposed 2015-04-25 Common Stock (6000) Direct

Footnotes

F1: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 2, 2001 to the reporting person. In exchange for this option grant the reporting person received 768 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 September 28, 1998 to the reporting person. In exchange for this option grant the reporting person received 648 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 October 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,761 shares of common stock, valued at the FMV on the date of the commencement of 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 June 29, 1998 to the reporting person. In exchange for this option grant the reporting person received 475 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 October 2, 2000 to the reporting person. In exchange for this option grant the reporting person received 564 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 January 1, 2000 to the reporting person. In exchange for this option grant the reporting person received 597 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 June 24, 1998 to the reporting person. In exchange for this option grant the reporting person received 1,712 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 June 28, 1999 to the reporting person. In exchange for this option grant the reporting person received 397 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 April 29, 2003 to the reporting person. In exchange for this option grant the reporting person received 2,554 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 April 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,630 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F11: 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 1,336 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F12: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on September 27, 1999 to the reporting person. In exchange for this option grant the reporting person received 383 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F13: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on May 2, 2000 to the reporting person. In exchange for this option grant the reporting person received 2,923 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F14: 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 1,506 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F15: 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.

F16: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on March 27, 2000 to the reporting person. In exchange for this option grant the reporting person received 396 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F17: On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2001 to the reporting person. In exchange for this option grant the reporting person received 505 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.

F18: 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 2,766 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.