French Mitchel Glen JR 4
4 · SYPRIS SOLUTIONS INC · Filed Mar 3, 2009
Insider Transaction Report
Form 4
French Mitchel Glen JR
Principal Accounting OfficerOther
Transactions
- Disposition to Issuer
Common Stock
2009-03-02−3,917→ 12,417 total
Footnotes (1)
- [F1]Cancellation of performance restricted stock granted on February 26, 2008, 18.75% of which vests on each of the first, second, third and fourth anniversaries of the date on which the Company was to achieve certain financial targets. The Committee has determined such financial targets are not realistic in light of the current market conditions, and therefore is cancelling all applicable shares equaling approximately 75% of the total original grant amount.