|
2008
Exhange Offer Calculations
|
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|
Name
of Optionee:
|
XXXXXXXXXX
|
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|
Date
of Option Exchange Offer:
|
March
31, 2008
|
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|
Number
of New Stock Shares:
|
XXX
|
||
|
|
|||
|
5/12/2008
SYPR Closing Price:
|
XXX
|
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|
Taxable
Income
|
-
|
||
|
Federal
|
-
|
25.00%
|
|
|
State
(KY)
|
-
|
6.00%
|
|
|
Medicare
|
-
|
1.45%
|
|
|
Local
(KY)
|
-
|
1.16%
|
|
|
County
(KY)
|
-
|
0.60%
|
|
|
Total
|
-
|
34.21%
|
|
|
Tax
withholding
|
-
|
||
|
Full
shares required
|
-
|
||
|
Exact
shares needed to pay tax withholding
|
-
|
||
|
Tax
withholding overpayment
|
-
|
shares
|
|
|
Amount
due to shareholder for
|
|||
|
tax
withholding overpayment
|
$ -
|
||
|
Balance
of shares due to shareholder
|
-
|
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