SYPRIS SOLUTIONS INC 4
4 · SYPRIS SOLUTIONS INC · Filed Jun 13, 2007
Insider Transaction Report
Form 4
Sanders Robert B
Group VP & Pres of Subsidiary
Transactions
- Award
Common Stock
2007-06-12+2,364→ 59,109 total - Tax Payment
Common Stock
2007-06-12$8.27/sh−598$4,945→ 58,511 total - Disposition to Issuer
Options (Right to Buy)
2007-06-12−7,500→ 0 totalExercise: $9.98Exp: 2011-12-30→ Common Stock (7,500 underlying) - Tax Payment
Common Stock
2007-06-12$8.27/sh−3,907$32,311→ 70,068 total - Award
Common Stock
2007-06-12−3,067→ 73,135 total - Award
Common Stock
2007-06-12−15,464→ 73,975 total - Disposition to Issuer
Options (Right to Buy)
2007-06-12−60,000→ 0 totalExercise: $10.95Exp: 2011-03-27→ Common Stock (60,000 underlying) - Tax Payment
Common Stock
2007-06-12$8.27/sh−775$6,409→ 72,360 total - Disposition to Issuer
Options (Right to Buy)
2007-06-12−12,500→ 0 totalExercise: $11.92Exp: 2011-06-30→ Common Stock (12,500 underlying)
Footnotes (6)
- [F1]On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on December 31, 2005 to the reporting person. In exchange for this option grant the reporting person received 2,364 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
- [F2]On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on March 28, 2005 to the reporting person. In exchange for this option grant the reporting person received 15,464 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
- [F3]On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 3,067 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
- [F4]Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively, beginning on December 31, 2008. On December 31, 2005, by action of the Board of Directors, the option was accelerated to immediately vest.
- [F5]Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively, beginning on March 28, 2008. On April 25, 2005, by action of the Board of Directors, the option was accelerated to immediately vest.
- [F6]Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively, beginning on July 1, 2008. On December 31, 2005, by action of the Board of Directors, the option was accelerated to immediately vest.