Gill Jeffrey T. - 12 Oct 2021 Form 4 Insider Report for SYPRIS SOLUTIONS INC (SYPR)

Role
President and CEO, Director, 10%+ Owner
Signature
Andrea J. Luescher by Power of Attorney on file with the Commission
Issuer symbol
SYPR
Transactions as of
12 Oct 2021
Net transactions value
-$201,919
Form type
4
Filing time
13 Oct 2021, 17:54:42 UTC
Previous filing
30 Aug 2021
Next filing
04 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYPR Common Stock Options Exercise $212,000 +200,000 +6.9% $1.06 3,104,402 12 Oct 2021 Direct
transaction SYPR Common Stock Tax liability $413,919 -97,164 -3.1% $4.26 3,007,238 12 Oct 2021 Direct F1
holding SYPR Common Stock 23,975 12 Oct 2021 By Spouse
holding SYPR Common Stock 1,918,109 12 Oct 2021 GFP I, LP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SYPR Stock Option (Right to Buy) Options Exercise $0 -200,000 -100% $0.000000* 0 12 Oct 2021 Common Stock 200,000 $1.06 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to pay exercise price and applicable withholding taxes.
F2 Consists of limited partnership interests of GFP I, LP, a Delaware limited partnership. The reporting person, his spouse, and the trusts for the benefit of his three children are limited partners of GFP I, LP, and the reporting person is a director, executive officer and 50% shareholder in Gill Family Capital Management, Inc., the general partner of GFP I, LP.
F3 Vesting is 100% on the third anniversary of the grant date.