SYPRIS SOLUTIONS INC — Director's Dealing 2008

May 23, 2008

SEC Form 4/A — Form 4/A

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2008-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-13	Common Stock	P	999999.820	—	Acquired	1353425.027	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23975	Indirect
Common Stock	2863373	Direct

Footnotes

F1: In a cashless transaction, Robert E. Gill and Virginia G. Gill, the parents of Jeffrey T. Gill, assigned a 30.53746% interest in GFP I, LP, a family limited partnership whose assets include a total of 3,274,666 shares of the common stock of Sypris Solutions, Inc., to Jeffrey T. Gill in exchange for his promissory notes totaling $2,858,335.60.

F2: Consists of limited partnership interests of GFP I, LP, a Delaware 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.