FORM 4
[ X ] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LAKE EDWARD M 		2. Issuer Name and Ticker or Trading Symbol

SYS [ SYS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

5050 MURPHY CANYON ROAD, SUITE 200 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/27/2008
(Street)

SAN DIEGO, CA 92123
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   6/27/2008     M    100000   A $2.05   106944   D    
Common Stock   6/27/2008     M    40000   A $2.00   146944   D    
Common Stock   6/27/2008     M    40000   A $2.41   186944   D    
Common Stock   6/27/2008     M    15000   A $2.25   201944   D    
Common Stock   6/27/2008     D    169449   D $2.45   32495   D    
Common Stock   6/28/2008     J    32495   D $2.45   0   D    
Common Stock   6/28/2008     J    26989   D $2.45   0   I   Edward M. & Stina I Lake JT TEN  
Common Stock   6/28/2008     J    5000   D $2.45   0   I   Edward M. Lake and Stina Sundberg Lake JTWROS  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Options   (1) $2.70   6/28/2008     J        23500    9/24/2004   9/24/2009   Common Stock   23500   $2.70   268500   D    
Stock Options   (2) $2.70   6/28/2008     J        23500    9/24/2004   9/24/2009   Common Stock   23500   $2.70   245000   D    
Stock Options   (3) $2.55   6/28/2008     J        10122    3/30/2005   3/30/2010   Common Stock   10122   $2.55   234878   D    
Stock Options   (4) $2.55   6/28/2008     J        39878    3/30/2005   3/30/2010   Common Stock   39878   $2.55   195000   D    
Stock Options   $2.05   6/27/2008     M        30000    7/30/2004   7/30/2013   Common Stock   30000   $2.05   165000   D    
Stock Options   $2.05   6/27/2008     M        30000    7/30/2005   7/30/2013   Common Stock   30000   $2.05   135000   D    
Stock Options   $2.05   6/27/2008     M        40000    7/30/2006   7/30/2013   Common Stock   40000   $2.05   135000   D    
Stock Options   $2.00   6/27/2008     M        40000    1/22/2004   1/22/2009   Common Stock   40000   $2.00   55000   D    
Stock Options   $2.41   6/27/2008     M        40000    8/2/2006   8/2/2011   Common Stock   40000   $2.41   15000   D    
Stock Options   $2.25   6/27/2008     M        15000    9/18/2008   9/18/2012   Common Stock   15000   $2.25   0   D    
Convertible Note   (5) $3.60   6/28/2008     J        6944    2/14/2006   2/14/2009   Common Stock   6944   $3.6   0   D    

Explanation of Responses:
( 1)  Expiring Options - Code J transaction above: expiration of 23,500 stock options, no value received.
( 2)  Expiring Options - Code J transaction above: expiration of 23,500 stock options, no value received.
( 3)  Expiring Options - Code J transaction above: expiration of 10,122 stock options, no value received.
( 4)  Expiring Options - Code J transaction above: expiration of 39,878 stock options, no value received.
( 5)  Convertible note assumed by Kratos.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LAKE EDWARD M
5050 MURPHY CANYON ROAD
SUITE 200
SAN DIEGO, CA 92123

Chief Financial Officer

Signatures
/s/ Edward M. Lake 7/1/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Sys (AMEX:SYS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024 Sys 차트를 더 보려면 여기를 클릭.
Sys (AMEX:SYS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Sys 차트를 더 보려면 여기를 클릭.