SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FERKO WILLIAM G
(Last) (First) (Middle)
10350 ORMSBY PARK PLACE, SUITE 601
(Street)
LOUISVILLE KY 40223
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SYPRIS SOLUTIONS INC [ SYPR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/12/2007 A 1,667 A (1) 7,153 D
Common Stock 06/12/2007 A 1,392 A (2) 8,545 D
Common Stock 06/12/2007 A 1,765 A (3) 10,310 D
Common Stock 06/12/2007 A 1,239 A (4) 11,549 D
Common Stock 06/12/2007 A 2,860 A (5) 14,409 D
Common Stock 06/12/2007 A 691 A (6) 15,100 D
Common Stock 06/12/2007 A 1,070 A (7) 16,170 D
Common Stock 06/12/2007 A 998 A (8) 17,168 D
Common Stock 06/12/2007 A 1,093 A (9) 18,261 D
Common Stock 06/12/2007 A 3,655 A (10) 21,916 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (Right to Buy) $8.35 06/12/2007 D 3,194 10/01/2006 09/30/2016 Common Stock 3,194 (1) 0 D
Option (Right to Buy) $9.43 06/12/2007 D 2,830 04/01/2006 03/31/2016 Common Stock 2,830 (2) 0 D
Option (Right to Buy) $9.45 06/12/2007 D 3,559 07/01/2006 06/30/2016 Common Stock 3,559 (3) 0 D
Option (Right to Buy) $9.98 06/12/2007 D 2,599 12/31/2005 12/30/2015 Common Stock 2,599 (4) 0 D
Option (Right to Buy) $9.98 06/12/2007 D 6,000 12/31/2005 12/30/2015 Common Stock 6,000 (5) 0 D
Option (Right to Buy) $10.01 06/12/2007 D 1,500 04/26/2005 04/25/2015 Common Stock 1,500 (6) 0 D
Option (Right to Buy) $10.33 06/12/2007 D 2,362 04/01/2005 03/31/2015 Common Stock 2,362 (7) 0 D
Option (Right to Buy) $10.74 06/12/2007 D 2,189 10/01/2005 09/30/2015 Common Stock 2,189 (8) 0 D
Option (Right to Buy) $11.92 06/12/2007 D 2,543 07/01/2005 06/30/2015 Common Stock 2,543 (9) 0 D
Option (Right to Buy) $15.31 06/12/2007 D 10,000 01/01/2005 12/31/2014 Common Stock 10,000 (10) 0 D
Explanation of Responses:
1. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,667 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
2. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,392 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
3. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2006 to the reporting person. In exchange for this option grant the reporting person received 1,765 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
4. 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 1,239 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
5. 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 2,860 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
6. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 26, 2005 to the reporting person. In exchange for this option grant the reporting person received 691 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
7. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 1,070 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
8. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 998 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
9. 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 1,093 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
10. On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2005 to the reporting person. In exchange for this option grant the reporting person received 3,655 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
Andrea J. Luescher by Power of Attorney on file with the Commission 06/14/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.