SYPRIS SOLUTIONS INC — Director's Dealing 2008

Feb 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2008-02-26

Reporting Person: De Carvalho Sergio L (VP and Pres. of Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-26	Common Stock	A	24373	—	Acquired	74373	Direct

Footnotes

F1: Restricted Stock Grant, pursuant to the 2004 Sypris Equity Plan, 8.33% of which vests on each of the third, fifth and seventh anniversaries of the grant date and 18.75% of which vests on each of the first, second, third and fourth anniversaries of the date on which the Company has achieved certain financial targets. If financial targets are not achieved in three years of the grant date these shares are forfeited.