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SYPRIS SOLUTIONS INC — Director's Dealing 2008
May 14, 2008
34630_dirs_2008-05-14_8a5dd471-ea99-44cd-8126-8dfa5760aa57.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: GILL JEFFREY T (Director, President and CEO, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-05-12 | Option (Right to Buy) | $7.90 | D | 41685 | Disposed | 2011-05-13 | Common Stock (41685) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 18828 | Acquired | 2012-03-30 | Common Stock (18828) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2863373 | Direct |
| Common Stock | 23975 | Indirect |
| Common Stock | 353425.207 | 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: 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 18,828 shares having an exercise price equal to $4.31.