SYPRIS SOLUTIONS INC — Director's Dealing 2007

Mar 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2007-03-01

Reporting Person: GILL JEFFREY T (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	A	56309	—	Acquired	2805574	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	296757.11	Indirect
Common Stock	23975	Indirect

Footnotes

F1: Consists of limited partnership interests of GFP I, LP, a DE limited partnership. The reporting person, his wife, and trusts for the benefit of his three children are limited partners of GFP I, LP and the reporting person is a director, executive officer and 50% shareholder of Gill Family Capital Management, Inc. the general partner of GFP I, LP.

F2: Restricted Stock Grant, pursuant to the 2004 Sypris Equity Plan, 25% of which vests on each of the first, second, third and fourth anniversaries of the date on which the Company has achieved certain financial targets. If such financial targets are not achieved within three years of the grant date, these shares are forfeited.