SYPRIS SOLUTIONS INC — Director's Dealing 2013

May 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2013-05-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-22	Common Stock	M	100000	$0.82	Acquired	2867233	Direct
2013-05-22	Common Stock	F	51712	$3.27	Disposed	2815521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-22	Stock Option (Right to Buy)	$0.82	M	100000	Disposed	2014-02-25	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23975	Indirect
Common Stock	1918108.923	Indirect

Footnotes

F1: Consists of limited parternship intersts of GFP I, LP, a Delaware limited partnership. The reporting person, his spouse, and the 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: Vesting is 100% on the third anniversary of the grant date.