SEC Form 4 · accession 0001209191-18-022721
SYPRIS SOLUTIONS INC · SYPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey T Gill
Officer — President and CEO · Director · 10% Owner
Period of report
Apr 1, 2018
Accepted (ET)
Apr 3, 2018 · 12:46 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 Stock | holding | — | — | — | 2,911,902 | D | ||
| Common Stock | holding | — | — | — | 23,975 | I | By Wife | |
| Common StockF1 | holding | — | — | — | 1,918,109 | I | GFP I, LP |
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 | 200,000 | A | Apr 1, 2021 | Apr 1, 2023 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Consists 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.
- 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.