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SYPRIS SOLUTIONS INC — Director's Dealing 2008
May 14, 2008
34630_dirs_2008-05-14_df7c94ed-d232-4c72-859d-7e6416e8238e.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 R SCOTT (Director, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-05-12 | Option (Right to Buy) | $4.75 | D | 10000 | Disposed | 2011-04-30 | Common Stock (10000) | Direct |
| 2008-05-12 | Option (Right to Buy) | $7.75 | D | 10000 | Disposed | 2009-04-28 | Common Stock (10000) | Direct |
| 2008-05-12 | Option (Right to Buy) | $7.90 | D | 38636 | Disposed | 2011-05-13 | Common Stock (38636) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 9137 | Acquired | 2012-03-30 | Common Stock (9137) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 1136 | Acquired | 2012-03-30 | Common Stock (1136) | Direct |
| 2008-05-12 | Option (Right to Buy) | $4.31 | A | 17451 | Acquired | 2012-03-30 | Common Stock (17451) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 149273.684 | Indirect |
| Common Stock | 2352705 | Direct |
Footnotes
F1: The reporting person is a limited partner of GFP I, LP, a Delaware limited partnership, and the reporting person is a director 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 1, 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 9,137 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 April 29, 1999 to the reporting person. In exchange for this option grant, the reporting person received a replacement option (reported herein), on May 12, 2008 for 1,136 shares having an exercise price equal to $4.31.
F4: 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 17,451 shares having an exercise price equal to $4.31.