SEC Form 4 · accession 0001209191-18-022719
SYPRIS SOLUTIONS INC · SYPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca R Eckert
Officer — Principal Accounting Officer · Other
Period of report
Apr 1, 2018
Accepted (ET)
Apr 3, 2018 · 12:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000864240
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2018 | F | 2,271 | $1.63 | D | 75,283 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F2,F3,F4 | $1.63 | Apr 1, 2018 | A | 20,000 | A | Apr 1, 2021 | Apr 1, 2023 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Restricted stock award under the 2010 Sypris Omnibus Plan which vested 100% on April 1, 2018.
- F2Options granted pursuant to the 2015 Sypris Omnibus Plan.
- F3The grant date for the option award was Sunday April 1, 2018 therefore the exercise price was based on the closing price of Thursday March 29, 2018 (the last trading day).
- F4Vesting is 100% on the third anniversary of the grant date.