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SYPRIS SOLUTIONS INC — Director's Dealing 2008
May 14, 2008
34630_dirs_2008-05-14_843849cf-99bc-46c0-bac7-f250efd52bca.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: 2008-05-12
Reporting Person: ALLEN ANTHONY C (VP, Treasurer and Asst Sec)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-05-12 | Option (Right To Buy) | $6.25 | D | 25000 | Disposed | 2009-02-26 | Common Stock (25000) | Direct |
| 2008-05-12 | Option (Right to Buy) | $7.90 | D | 27055 | Disposed | 2011-05-13 | Common Stock (27055) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 4994 | Acquired | 2012-03-30 | Common Stock (4994) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 12220 | Acquired | 2012-03-30 | Common Stock (12220) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 150876 | Direct |
Footnotes
F1: Canceled option provided for vesting in five equal installments beginning on February 27, 2003.
F2: On May 12, 2008, the issuer canceled, pursuant to the 2008 Stock Option Exchange Program, an option grant awarded on February 27, 2001 to the reporting person. In exchange for this option grant, the reporting person received a replacement option (reported herein), on May 12, 2008 for 4,994 shares having an exercise price equal to $4.31.
F3: On May 12, 2008, the issuer canceled, pursuant to the 2008 Stock Option Exchange Program, an option grant awarded on May 14, 2007 to the reporting person. In exchange for this option grant, the reporting person received a replacement option (reported herein), on May 12, 2008 for 12,220 shares having an exercise price equal to $4.31.