SYPRIS SOLUTIONS INC — Director's Dealing 2009

May 14, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2009-05-12

Reporting Person: Eckert Rebecca R (Principal Accounting Officer, Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-12	Options (Right to Buy)	$1.03	A	5000	Acquired	2015-05-11	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1512	Direct

Footnotes

F1: Options granted pursuant to the 2004 Sypris Equity Plan.

F2: Vesting: 30% on May 12, 2012; 30% on May 12, 2013 and 40% on May 12, 2014.