SYPRIS SOLUTIONS INC — Director's Dealing 2009

Mar 3, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2009-03-02

Reporting Person: MCGEENEY JOHN R (General Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-02	Common Stock	F	1226	$0.85	Disposed	164852	Direct
2009-03-02	Common Stock	D	17809	—	Disposed	147043	Direct
2009-03-02	Common Stock	D	18280	—	Disposed	128763	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.