SYPRIS SOLUTIONS INC 4
4 · SYPRIS SOLUTIONS INC · Filed Jun 13, 2007
Insider Transaction Report
Form 4
Hatton T Scott
VP & CFO
Transactions
- Award
Common Stock
2007-06-12+2,585→ 102,152 total - Tax Payment
Common Stock
2007-06-12$8.27/sh−856$7,079→ 101,296 total - Award
Common Stock
2007-06-12+2,364→ 100,350 total - Tax Payment
Common Stock
2007-06-12$8.27/sh−783$6,475→ 99,567 total - Disposition to Issuer
Option (Right to Buy)
2007-06-12−12,500→ 0 totalExercise: $13.94Exp: 2011-07-18→ Common Stock (12,500 underlying) - Disposition to Issuer
Option (Right to Buy)
2007-06-12−7,500→ 0 totalExercise: $9.98Exp: 2011-12-30→ Common Stock (7,500 underlying)
Footnotes (4)
- [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 July 18, 2005 to the reporting person. In exchange for this option grant the reporting person received 2,585 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
- [F3]Canceled option provided for vesting 30%, 30%, and 40% on the third, fourth and fifth anniversary, respectively, beginning on December 31, 2008. On December 31, 2005, by action of the Board of Directors, option was accelerated and immediately vested.
- [F4]Canceled option provided for vesting in increments of 30%, 30%, and 40% on the third, fourth and fifth anniversary date, respectively beginning on July 18, 2008. On December 31, 2005, by action of the Board of Directors, option was accelerated and immediately vested.