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: BOYD KATHY SMITH (VP and Pres of subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	A	14925	—	Acquired	34938	Direct

Footnotes

F1: Restricted Stock Grant, pursuant to the 2004 Sypris Equity Plan, 8.33% of which vests on each of the third, fifth and seventh anniversaries of the grant date and 18.75% of which vests on 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 latter shares are forfeited.