AI assistant
SYPRIS SOLUTIONS INC — Director's Dealing 2014
Feb 26, 2014
34630_dirs_2014-02-26_5dc18578-caeb-4b6e-9702-a2a6d90a6f04.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYPRIS SOLUTIONS INC (SYPR)
CIK: 0000864240
Period of Report: 2014-02-24
Reporting Person: Lutes Brian A. (VP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-24 | Common Stock | D | 28110 | $3.04 | Disposed | 91520 | Direct |
| 2014-02-25 | Common Stock | M | 60000 | $2.10 | Acquired | 151520 | Direct |
| 2014-02-25 | Common Stock | F | 49796 | $2.94 | Disposed | 101724 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-25 | Stock Option (Right to Buy) | $2.10 | M | 60000 | Disposed | 2014-09-14 | Common Stock (60000) | Direct |
Footnotes
F1: Options vest 30%, 30% and 40% on the third, fourth and fifth anniversaries of the grant date: September 15, 2011, September 15, 2012 and September 15, 2013, respectively.
F2: Program participants are generally required to offer the Company the right to purchase any shares of the Company common stock prior to selling in the open market. Under the Program, the price per share is the average of the closing prices for the Company's common stock on the five trading days ending one trading day prior to the Sale Notice delivered by the participant to the Company.