SYPRIS SOLUTIONS INC — Director's Dealing 2008

May 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: GILL R SCOTT (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-13	Common Stock	P	999999.820	—	Acquired	1149273.504	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2352705	Direct

Footnotes

F1: In a cashless transaction, Robert E. Gill and Virginia G. Gill, the parents of R. Scott 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 R. Scott Gill in exchange for his promissory notes totaling $2,858,335.60.

F2: Consists of limited partnership interest of GFP I, LP, a DE limited partnership. The reporting person, is a limited partner of GFP I, LP, and a director, executive officer and 50% shareholder of Gill Family Capital Management, Inc. the general partner of GFP I, LP.