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 *
SROKA ROBERT
  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)
54 DISBROW LANE
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2007
(Street)

NEW ROCHELLE, NY 10804
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

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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) $ 8 06/12/2007   D     2,293 07/02/2001 07/01/2011 Common Stock 2,293 (1) 0 D  
Option (Right to Buy) $ 8.35 06/12/2007   D     3,194 10/01/2006 09/30/2016 Common Stock 3,194 (2) 0 D  
Option (Right to Buy) $ 8.75 06/12/2007   D     1,749 10/02/2000 10/01/2010 Common Stock 1,749 (3) 0 D  
Option (Right to Buy) $ 9.13 06/12/2007   D     10,000 06/24/1998 06/23/2008 Common Stock 10,000 (4) 0 D  
Option (Right to Buy) $ 9.19 06/12/2007   D     1,897 06/28/1999 06/27/2009 Common Stock 1,897 (5) 0 D  
Option (Right to Buy) $ 9.3 06/12/2007   D     6,000 04/29/2003 04/28/2013 Common Stock 6,000 (6) 0 D  
Option (Right to Buy) $ 9.43 06/12/2007   D     3,151 04/01/2006 03/31/2016 Common Stock 3,151 (7) 0 D  
Option (Right to Buy) $ 9.45 06/12/2007   D     3,559 07/01/2006 06/30/2016 Common Stock 3,559 (8) 0 D  
Option (Right to Buy) $ 9.63 06/12/2007   D     1,275 09/27/1999 09/26/2009 Common Stock 1,275 (9) 0 D  
Option (Right to Buy) $ 9.63 06/12/2007   D     10,000 05/02/2000 05/01/2010 Common Stock 10,000 (10) 0 D  
Option (Right to Buy) $ 9.98 06/12/2007   D     3,009 12/31/2005 12/30/2015 Common Stock 3,009 (11) 0 D  
Option (Right to Buy) $ 9.98 06/12/2007   D     6,000 12/31/2005 12/30/2015 Common Stock 6,000 (12) 0 D  
Option (Right to Buy) $ 10 06/12/2007   D     1,441 10/01/2001 09/30/2011 Common Stock 1,441 (13) 0 D  
Option (Right to Buy) $ 10 06/12/2007   D     1,530 03/27/2000 03/26/2010 Common Stock 1,530 (14) 0 D  
Option (Right to Buy) $ 10.01 06/12/2007   D     6,000 04/26/2005 04/25/2015 Common Stock 6,000 (15) 0 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   2,597   05/14/2007 05/13/2011 Common Stock 2,597 (1) 2,597 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   4,703   05/14/2007 05/13/2011 Common Stock 4,703 (2) 4,703 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   1,691   05/14/2007 05/13/2011 Common Stock 1,691 (3) 1,691 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   4,831   05/14/2007 05/13/2011 Common Stock 4,831 (4) 4,831 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   1,358   05/14/2007 05/13/2011 Common Stock 1,358 (5) 1,358 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   7,205   05/14/2007 05/13/2011 Common Stock 7,205 (6) 7,205 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   4,375   05/14/2007 05/13/2011 Common Stock 4,375 (7) 4,375 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   4,980   05/14/2007 05/13/2011 Common Stock 4,980 (8) 4,980 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   920   05/14/2007 05/13/2011 Common Stock 920 (9) 920 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   8,246   05/14/2007 05/13/2011 Common Stock 8,246 (10) 8,246 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   4,046   05/14/2007 05/13/2011 Common Stock 4,046 (11) 4,046 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   8,069   05/14/2007 05/13/2011 Common Stock 8,069 (12) 8,069 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   1,425   05/14/2007 05/13/2011 Common Stock 1,425 (13) 1,425 D  
Option (Right to Buy) $ 7.9 06/12/2007   A   1,187   05/14/2007 05/13/2011 Common Stock 1,187 (14) 1,187 D  
Option (Right to Buy $ 7.9 06/12/2007   A   7,803   05/14/2007 05/13/2011 Common Stock 7,803 (15) 7,803 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SROKA ROBERT
54 DISBROW LANE
NEW ROCHELLE, NY 10804
  X      

Signatures

 Andrea J. Luescher by Power of Attorney filed with this submission   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).
(1) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2001 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 2,597 shares having an exercise price equal to $7.90.
(2) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2006 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,703 shares having an exercise price equal to $7.90.
(3) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 2, 2000 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,691 shares having an exercise price equal to $7.90.
(4) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on June 24, 1998 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,831 shares having an exercise price equal to $7.90.
(5) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on June 28, 1999 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,358 shares having an exercise price equal to $7.90.
(6) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 29, 2003 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 7,205 shares having an exercise price equal to $7.90.
(7) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 1, 2006 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,375 shares having an exercise price equal to $7.90.
(8) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on July 1, 2006 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,980 shares having an exercise price equal to $7.90.
(9) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on September 27, 1999 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 920 shares having an exercise price equal to $7.90.
(10) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on May 2, 2000 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 8,246 shares having an exercise price equal to $7.90.
(11) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on December 31, 2005 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 4,046 shares having an exercise price equal to $7.90.
(12) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on December 31, 2005 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 8,069 shares having an exercise price equal to $7.90.
(13) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on October 1, 2001 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,425 shares having an exercise price equal to $7.90.
(14) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on March 27, 2000 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 1,187 shares having an exercise price equal to $7.90.
(15) On June 12, 2007, the issuer canceled, pursuant to the 2007 Stock Option Exchange Program, an option grant awarded on April 26, 2005 to the reporting person. In exchange for this option grant the reporting person received a replacement option (reported herein), on June 12, 2007 for 7,803 shares having an exercise price equal to $7.90.
 
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