OLYMPIC STEEL INC — Director's Dealing 2013

Mar 15, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OLYMPIC STEEL INC (ZEUS)
CIK: 0000917470
Period of Report: 2013-03-13

Reporting Person: WOLFORT DAVID A (Director, President and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-13	Phantom Stock	$	I	4634	Acquired		Common Stock (4634)	Direct
2013-03-14	Phantom Stock	$	I	10321	Acquired		Common Stock (10321)	Direct
2013-03-14	Phantom Stock	$	I	3854	Acquired		Common Stock (3854)	Direct

Footnotes

F1: Each share of Phantom Stock is the economic equivalent of one share of Olympic Steel, Inc. common stock.

F2: These shares of Phantom Stock were acquired in connection with Olympic Steel's Executive Deferred Compensation Plan (the "Plan"). This security will be settled on October 15, 2020 (the date selected by the Reporting Person), or earlier upon the occurence of certain events specified in the Plan.

F3: Price reflects the weighted average price for multiple transactions that ranged from $22.6000 to $22.9500 per share. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

F4: Price reflects the weighted average price for multiple transactions that ranged from $22.3150 to $23.3100 per share. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

F5: Price reflects the weighted average price for multiple transactions that ranged from $23.3200 to $23.5000 per share. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.