Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PETERSEN SIDNEY R/CA
  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)
(Last)
(First)
(Middle)
1109 EMERALD BAY
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2007
(Street)

LAGUNA BEACH, CA 92651
4. If Amendment, Date 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
(City)
(State)
(Zip)
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   781 A (18) 38,066 D  
Common Stock 06/12/2007   A   481 A (19) 38,547 D  
Common Stock 06/12/2007   A   1,595 A (20) 40,142 D  
Common Stock 06/12/2007   A   712 A (21) 40,854 D  
Common Stock 06/12/2007   A   1,192 A (22) 42,046 D  
Common Stock 06/12/2007   A   596 A (23) 42,642 D  
Common Stock 06/12/2007   A   836 A (24) 43,478 D  
Common Stock 06/12/2007   A   43 A (25) 43,521 D  
Common Stock 06/12/2007   A   392 A (26) 43,913 D  
Common Stock 06/12/2007   A   680 A (27) 44,593 D  
Common Stock 06/12/2007   A   543 A (28) 45,136 D  
Common Stock 06/12/2007   A   814 A (29) 45,950 D  
Common Stock 06/12/2007   A   286 A (30) 46,236 D  
Common Stock 06/12/2007   A   336 A (31) 46,572 D  
Common Stock 06/12/2007   A   449 A (32) 47,021 D  
Common Stock 06/12/2007   A   2 A (33) 47,023 D  
Common Stock 06/12/2007   A   520 A (34) 47,543 D  
Common Stock 06/12/2007   A   1,327 A (35) 48,870 D  
Common Stock 06/12/2007   A   1,265 A (36) 50,135 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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) $ 10.21 06/12/2007   D     1,989 01/01/2003 12/31/2012 Common Stock 1,989 (18) 0 D  
Option (Right to Buy) $ 10.25 06/12/2007   D     1,700 07/03/2000 07/02/2010 Common Stock 1,700 (19) 0 D  
Option (Right to Buy) $ 10.33 06/12/2007   D     3,521 04/01/2005 03/31/2015 Common Stock 3,521 (20) 0 D  
Option (Right to Buy) $ 10.36 06/12/2007   D     1,756 06/30/2003 06/29/2013 Common Stock 1,756 (21) 0 D  
Option (Right to Buy) $ 10.74 06/12/2007   D     2,613 10/01/2005 09/30/2015 Common Stock 2,613 (22) 0 D  
Option (Right to Buy) $ 10.9 06/12/2007   D     1,620 10/01/2002 09/30/2012 Common Stock 1,620 (23) 0 D  
Option (Right to Buy) $ 11.92 06/12/2007   D     1,945 07/01/2005 06/30/2015 Common Stock 1,945 (24) 0 D  
Option (Right to Buy) $ 13 06/12/2007   D     1,340 01/05/1998 01/04/2008 Common Stock 1,340 (25) 0 D  
Option (Right to Buy) $ 13.02 06/12/2007   D     1,339 01/01/2002 12/31/2011 Common Stock 1,339 (26) 0 D  
Option (Right to Buy) $ 13.51 06/12/2007   D     1,772 10/01/2004 09/30/2014 Common Stock 1,772 (27) 0 D  
Option (Right to Buy) $ 14 06/12/2007   D     1,472 07/01/2004 06/30/2014 Common Stock 1,472 (28) 0 D  
Option (Right to Buy) $ 15.31 06/12/2007   D     2,227 01/01/2005 12/31/2014 Common Stock 2,227 (29) 0 D  
Option (Right to Buy) $ 15.6 06/12/2007   D     1,099 04/01/2002 03/31/2012 Common Stock 1,099 (30) 0 D  
Option (Right to Buy) $ 16.03 06/12/2007   D     1,267 07/01/2002 06/30/2012 Common Stock 1,267 (31) 0 D  
Option (Right to Buy) $ 16.1 06/12/2007   D     1,431 09/29/2003 09/28/2013 Common Stock 1,431 (32) 0 D  
Option (Right to Buy) $ 16.12 06/12/2007   D     949 09/29/1997 09/28/2007 Common Stock 949 (33) 0 D  
Option (Right to Buy) $ 16.81 06/12/2007   D     1,659 01/01/2004 12/31/2013 Common Stock 1,659 (34) 0 D  
Option (Right to Buy) $ 19 06/12/2007   D     6,000 05/07/2002 05/06/2012 Common Stock 6,000 (35) 0 D  
Option (Right to Buy) $ 20.7 06/12/2007   D     4,500 04/27/2004 04/26/2014 Common Stock 4,500 (36) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PETERSEN SIDNEY R/CA
1109 EMERALD BAY
LAGUNA BEACH, CA 92651
  X      

Signatures

 Andrea J. Luescher by Power of Attorney on file with the Commission   06/13/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(18) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2003 to the reporting person. In exchange for this option grant the reporting person received 781 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(19) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 3, 2000 to the reporting person. In exchange for this option grant the reporting person received 481 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(20) 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 1,595 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(21) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on June 30, 2003 to the reporting person. In exchange for this option grant the reporting person received 712 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(22) 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 1,192 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(23) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 596 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(24) 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 836 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(25) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 1998 to the reporting person. In exchange for this option grant the reporting person received 43 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(26) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 392 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(27) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 680 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(28) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 543 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(29) 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 814 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(30) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 286 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(31) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2002 to the reporting person. In exchange for this option grant the reporting person received 336 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(32) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on September 29, 2003 to the reporting person. In exchange for this option grant the reporting person received 449 shares of common stock , valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(33) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on September 29, 1997 to the reporting person. In exchange for this option grant the reporting person received 2 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(34) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on January 1, 2004 to the reporting person. In exchange for this option grant the reporting person received 520 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(35) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on May 7, 2002 to the reporting person. In exchange for this option grant the reporting person received 1,327 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
(36) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 27, 2004 to the reporting person. In exchange for this option grant the reporting person received 1,265 shares of common stock, valued at the FMV on the date of the commencement of the Offer, May 14, 2007.
 
Remarks:
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