|
OMB
APPROVAL
OMB
Number: 3235-0287
Expires:
February 28, 2011
Estimated
average burden
hours
per response………11
|
|
|
Sypris
Solutions, Inc.
|
|
(Name
of Issuer)
|
|
Common
Stock, par value $0.01 per share
|
|
(Title
of Class of Securities)
|
|
871655106
|
|
(CUSIP
Number)
|
|
December
31, 2009
|
|
(Date
of Event Which Requires Filing of this
Statement)
|
|
CUSIP
No
|
871655106
|
|||
|
1.
|
NAME
OF REPORTING PERSONS
|
|||
|
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
|
Needham
Asset Management, LLC (1)
|
||||
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
|||
|
(a) [_]
|
||||
|
(b) [x]
|
||||
|
3.
|
SEC
USE ONLY
|
|||
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
|
Delaware
|
||||
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
||||
|
5.
|
SOLE
VOTING POWER
|
|||
|
0
|
||||
|
6.
|
SHARED
VOTING POWER
|
|||
|
1,012,800
|
||||
|
7.
|
SOLE
DISPOSITIVE POWER
|
|||
|
0
|
||||
|
8.
|
SHARED
DISPOSITIVE POWER
|
|||
|
1,012,800
|
||||
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
1,012,800
|
||||
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
|
|||
|
[_]
|
||||
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
|
5.2%
|
||||
|
12.
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
HC,
OO
|
||||
|
----------
(1) Needham
Asset Management, LLC is the managing member of Needham
Investment
Management
L.L.C., which serves as investment adviser to various series of
The
Needham
Funds, Inc. and the general partner to certain private investment funds
that
hold
1,012,800 shares of common stock of the Issuer
("Shares"). Needham Investment
Management
L.L.C. may be deemed to beneficially own the Shares by virtue of
its
position
as investment adviser to these series and general partner to these
funds.
|
||||
|
CUSIP
No
|
871655106
|
|||
|
1.
|
NAME
OF REPORTING PERSONS
|
|||
|
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
|
Needham
Investment Management L.L.C. (2)
|
||||
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
|||
|
(a) [_]
|
||||
|
(b) [x]
|
||||
|
3.
|
SEC
USE ONLY
|
|||
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
|
Delaware
|
||||
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
||||
|
5.
|
SOLE
VOTING POWER
|
|||
|
0
|
||||
|
6.
|
SHARED
VOTING POWER
|
|||
|
1,012,800
|
||||
|
7.
|
SOLE
DISPOSITIVE POWER
|
|||
|
0
|
||||
|
8.
|
SHARED
DISPOSITIVE POWER
|
|||
|
1,012,800
|
||||
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
1,012,800
|
||||
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
|
|||
|
[_]
|
||||
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
|
5.2%
|
||||
|
12.
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
IA,
OO
|
||||
|
----------
(2) Needham
Investment Management L.L.C. serves as investment adviser to
various
series
of The Needham Funds, Inc. and general partner to certain private
investment
funds
that hold 1,012,800 shares of common stock of the Issuer ("Shares").
Needham
Investment
Management L.L.C. may be deemed to beneficially own the Shares
by
virtue
of its position as investment adviser to these series and general partner
to these
funds.
|
||||
|
CUSIP
No
|
871655106
|
|||
|
1.
|
NAME
OF REPORTING PERSONS
|
|||
|
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
|
George
A. Needham (3)
|
||||
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
|
|||
|
(a) [_]
|
||||
|
(b) [x]
|
||||
|
3.
|
SEC
USE ONLY
|
|||
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
|
United
States of America
|
||||
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
||||
|
5.
|
SOLE
VOTING POWER
|
|||
|
0
|
||||
|
6.
|
SHARED
VOTING POWER
|
|||
|
1,012,800
|
||||
|
7.
|
SOLE
DISPOSITIVE POWER
|
|||
|
0
|
||||
|
8.
|
SHARED
DISPOSITIVE POWER
|
|||
|
1,012,800
|
||||
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
|
1,012,800
|
||||
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
|
|||
|
[_]
|
||||
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|||
|
5.2%
|
||||
|
12.
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
|
IN,
HC
|
||||
|
----------
3) George
A. Needham is a control person of Needham Asset Management, LLC, which
is
the
managing member of Needham Investment Management L.L.C., which serves
as
investment
adviser to various series of The Needham Funds, Inc. and the
general
partner
to certain private investment funds that hold 1,012,800 shares of common
stock
of
the Issuer ("Shares"). George A. Needham may be deemed to
beneficially own
these
Shares by virtue of his position as a control person of Needham
Asset
Management,
LLC.
|
||||
|
871655106
|
|
Item
1.
|
(a).
|
Name
of Issuer:
|
|
|
Sypris
Solutions, Inc.
|
|
(b).
|
Address
of issuer's principal executive offices:
|
||
|
101
Bullitt Lane
Suite
450
Louisville,
Kentucky 40222
|
|
Item
2.
|
(a).
|
Name
of person filing:
|
|
|
(i) Needham
Asset Management, LLC
(ii) Needham
Investment Management L.L.C.
(iii)
George A. Needham
|
|
(b).
|
Address
or principal business office or, if none, residence:
|
||
|
445
Park Avenue, New York, NY 10022
|
|
(c).
|
Citizenship:
|
||
|
Needham
Asset Management, LLC - Delaware
Needham
Investment Management L.L.C. - Delaware
George
A. Needham - United States of America
|
|
(d).
|
Title
of class of securities:
|
||
|
Common
Stock, par value $0.01 (the "Common Stock")
|
|
(e).
|
CUSIP
No.:
|
||
|
871655106
|
|
Item
3.
|
If
This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or
(c), check whether the person filing is
a
|
|
(a)
|
[_]
|
Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
|
|
(b)
|
[_]
|
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
|
|
(c)
|
[_]
|
Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
|
|
(d)
|
[_]
|
Investment
company registered under section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
|
|
(e)
|
[_]
|
An
investment adviser in accordance with §
240.13d-1(b)(1)(ii)(E);
|
|
(f)
|
[_]
|
An
employee benefit plan or endowment fund in accordance with §
240.13d-1(b)(1)(ii)(F);
|
|
(g)
|
[_]
|
A
parent holding company or control person in accordance with
§240.13d-1(b)(1)(ii)(G);
|
|
(h)
|
[_]
|
A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C.1813);
|
|
(i)
|
[_]
|
A
church plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3);
|
|
(j)
|
[_]
|
A
non-U.S. institution in accordance with
§240.13d-1(b)(1)(ii)(J);
|
|
(k)
|
[_]
|
Group,
in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a
non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please
specify the type of institution:
|
|
|
Item
4.
|
Ownership.
|
|
Provide
the following information regarding the aggregate number and percentage of
the class of securities of the issuer identified in Item
1.
|
|
(a)
|
Amount
beneficially owned:
|
|
|
Needham
Asset Management, LLC - 1,012,800
Needham
Investment Management L.L.C. - 1,012,800
George
A. Needham - 1,012,800
|
|
(b)
|
Percent
of class:
|
|
|
Needham
Asset Management, LLC - 5.2%
Needham
Investment Management L.L.C. - 5.2%
George
A. Needham - 5.2%
|
|
(c)
|
Number
of shares as to which the person has:
|
|
|
(i)
|
Sole
power to vote or to direct the vote
|
0
|
,
|
||
|
(ii)
|
Shared
power to vote or to direct the vote
|
1,012,800
|
,
|
||
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
,
|
||
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
1,012,800
|
.
|
||
|
(i)
|
Sole
power to vote or to direct the vote
|
0
|
,
|
||
|
(ii)
|
Shared
power to vote or to direct the vote
|
1,012,800
|
,
|
||
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
,
|
||
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
1,012,800
|
.
|
||
|
(i)
|
Sole
power to vote or to direct the vote
|
0
|
,
|
||
|
(ii)
|
Shared
power to vote or to direct the vote
|
1,012,800
|
,
|
||
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
,
|
||
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
1,012,800
|
.
|
||
|
Instruction: For
computations regarding securities which represent a right to acquire an
underlying security see §240.13d-3(d)(1)..
|
|
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
|
If
this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following
[_].
|
|
|
Not
applicable.
|
|
|
Item
6.
|
Ownership
of More Than Five Percent on Behalf of Another
Person.
|
|
If
any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should be included in response
to this item and, if such interest relates to more than 5 percent of the
class, such person should be identified. A listing of the
shareholders of an investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee benefit plan, pension
fund or endowment fund is not required.
|
|
|
Not
applicable.
|
|
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company or Control
Person.
|
|
If
a parent holding company or control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3 classification of
the relevant subsidiary. If a parent holding company or control
person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
attach an exhibit stating the identification of the relevant
subsidiary.
|
|
|
Not
applicable.
|
|
|
Item
8.
|
Identification
and Classification of Members of the
Group.
|
|
If
a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a group
has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach
an exhibit stating the identity of each member of the
group.
|
|
|
Not
applicable.
|
|
|
Item
9.
|
Notice
of Dissolution of Group.
|
|
Notice
of dissolution of a group may be furnished as an exhibit stating the date
of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by
members of the group, in their individual capacity. See Item
5.
|
|
|
Not
applicable.
|
|
|
Item
10.
|
Certification.
|
|
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
|
|
Needham
Asset Management, LLC*
|
|
|
February
12, 2010
|
|
|
(Date)
|
|
|
/s/
Glen W. Albanese
|
|
|
(Signature)
|
|
|
Glen
W. Albanese / Chief
Financial Officer
|
|
|
(Name/Title)
|
|
|
Needham
Investment Management L.L.C.*
|
|
|
February
12, 2010
|
|
|
(Date)
|
|
|
/s/
Glen W. Albanese
|
|
|
(Signature)
|
|
|
Glen
W. Albanese / Chief Financial Officer
|
|
|
(Name/Title)
|
|
|
February
12, 2010
|
|
|
(Date)
|
|
|
/s/
George A. Needham*
|
|
|
(Signature)
|
|
|
George
A. Needham
|
|
|
(Name/Title)
|