SYPRIS SOLUTIONS INC 4

4 · SYPRIS SOLUTIONS INC · Filed Jun 14, 2007

Form 4

Period: 2007-06-12

Other

Transactions

Award
Option (Right to Buy)
2007-06-12+2,931→ 2,931 total
Exercise: $7.90From: 2007-05-14Exp: 2011-05-13→ Common Stock (2,931 underlying)
Disposition to Issuer
Option (Right to Buy)
2007-06-12−5,000→ 0 total
Exercise: $17.25Exp: 2012-03-31→ Common Stock (5,000 underlying)
Disposition to Issuer
Option (Right to Buy)
2007-06-12−12,500→ 0 total
Exercise: $11.92Exp: 2011-06-30→ Common Stock (12,500 underlying)
Award
Option (Right to Buy)
2007-06-12+9,648→ 9,648 total
Exercise: $7.90From: 2007-05-14Exp: 2011-05-13→ Common Stock (9,648 underlying)

Holdings

Footnotes (5)

[F1]On June 12, 2007, the issuer accepted for exchange, 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 a replacement option (reported herein), on June 12, 2007 for 9,648 having an exercise price equal to $7.90.
[F2]On June 12, 2007, the issuer accepted for exchange, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2004 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 2,931 having an exercise price equal to $7.90.
[F3]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, option was accelerated to immediately vest.
[F4]Canceled option provided for vesting in five equal installments beginning on April 1, 2006. On March 11, 2005, by action of the Board of Directors, option was accelerated to immediately vest.
[F5]The total number of shares held directly was previously reported to included 1,000 shares held by spouse.

Documents

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