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SYPRIS SOLUTIONS INC — Director's Dealing 2009
Mar 3, 2009
34630_dirs_2009-03-03_d7623199-1ef1-4884-82e2-8a4f5ee5e6cd.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: 2009-03-02
Reporting Person: ALLEN ANTHONY C (VP, Treasurer and Asst Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-03-02 | Common Stock | F | 1011 | $0.85 | Disposed | 213998 | Direct |
| 2009-03-02 | Common Stock | D | 11194 | — | Disposed | 202804 | Direct |
| 2009-03-02 | Common Stock | D | 11490 | — | Disposed | 191314 | Direct |
Footnotes
F1: Cancellation of performance restricted stock granted on March 1, 2007, 18.75% of which vests on each of the first, second, third and fourth anniversaries of the date on which the Company was to achieve certain financial targets. The Committee has determined such financial targets are not realistic in light of current market conditions, and therefore is cancelling all applicable shares equaling approximately 75% of the total original grant amount.
F2: Cancellation of performance restricted stock granted on February 26, 2008, 18.75% of which vests on each of the first, second, third and fourth anniversaries of the date on which the Company was to achieve certain financial targets. The Committee has determined such financial targets are not realistic in light of current market conditions, and therefore is cancelling all applicable shares equaling approximately 75% of the total original grant amount.