SYPRIS SOLUTIONS INC — Director's Dealing 2014

May 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2014-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-13	Common Stock	M	3500	$1.03	Acquired	22570	Direct
2014-05-13	Common Stock	F	1961	$4.02	Disposed	20609	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-13	Stock Option (Right to Buy)	$1.03	M	3500	Disposed	2015-05-11	common stock (3500)	Direct

Footnotes

F1: Options vest 30%, 30% and 40% on the third, fourth and fifth anniversaries of the grant date beginning on May 12, 2012.