Jeffrey T. Gill - Oct 12, 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
Stock symbol
SYPR
Transactions as of
Oct 12, 2021
Transactions value $
-$201,919
Form type
4
Date filed
10/13/2021, 05:54 PM
Previous filing
Aug 30, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYPR Common Stock Options Exercise $212K +200K +6.89% $1.06 3.1M Oct 12, 2021 Direct
transaction SYPR Common Stock Tax liability -$414K -97.2K -3.13% $4.26 3.01M Oct 12, 2021 Direct F1
holding SYPR Common Stock 24K Oct 12, 2021 By Spouse
holding SYPR Common Stock 1.92M Oct 12, 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 -200K -100% $0.00* 0 Oct 12, 2021 Common Stock 200K $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.