SYPRIS SOLUTIONS INC 4
4 · SYPRIS SOLUTIONS INC · Filed Feb 26, 2014
Insider Transaction Report
Form 4
Lutes Brian A.
VP & CFO
Transactions
- Tax Payment
Common Stock
2014-02-25$2.94/sh−49,796$146,400→ 101,724 total - Disposition to Issuer
Common Stock
2014-02-24$3.04/sh−28,110$85,454→ 91,520 total - Exercise/Conversion
Common Stock
2014-02-25$2.10/sh+60,000$126,000→ 151,520 total - Exercise/Conversion
Stock Option (Right to Buy)
2014-02-25−60,000→ 0 totalExercise: $2.10From: 2011-09-15Exp: 2014-09-14→ Common Stock (60,000 underlying)
Footnotes (2)
- [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.