SYPRIS SOLUTIONS INC — Director's Dealing 2010

Mar 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2010-03-02

Reporting Person: GILL JEFFREY T (Director, President and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-02	Options (Right to Buy)	$2.85	A	131889	Acquired	2015-03-01	Common Stock (131889)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2709265	Direct
Common Stock	23975	Indirect
Common Stock	1742268.362	Indirect

Footnotes

F1: Consists of limited partnership interests of GFP I, LP, a DE limited partnership. The reporting person, his wife, and trusts for the benefit of his three children are limited partners of GFP I, LP and the reporting person is a director, executive officer and 50% shareholder in Gill Family Capital Management, Inc. the general partner of GFP I, LP.

F2: Options granted pursuant to the 2004 Sypris Equity Plan.

F3: Vesting is 100% on the third anniversary of the grant date.