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RELIANCE, INC. Director's Dealing 2010

Sep 28, 2010

30421_dirs_2010-09-27_510f770f-24cf-4ca2-af8f-b63507872bbb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RELIANCE STEEL & ALUMINUM CO (RS)
CIK: 0000861884
Period of Report: 2010-09-24

Reporting Person: MACBETH JAMES P (Former Sr VP Carbon Steel Ops)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-24 Common Stock M 6250 $33.70 Acquired 64329 Indirect
2010-09-24 Common Stock S 6250 $42.00 Disposed 58079 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-09-24 Options to Acquire Common Stock $33.70 M 6250 Disposed 2010-09-28 Common Stock (6250) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 11084 Indirect

Footnotes

F1: The Company received the allocation for the 2009 plan year under the Reliance Steel & Aluminum Co. Employee Stock Ownership Plan ("ESOP") on May 18, 2010. The Reporting Person acquired 112 ESOP shares for the 2009 plan year.

F2: One quarter of the options vested and became exercisable on April 27, 2010, which was the first anniversary of the date on which the options were granted.

F3: Pursuant to the terms of the Issuer's Amended and Restated 2004 Stock Option and Restricted Stock Plan, the options will expire on September 28, 2010 because the Reporting Person retired as an officer and employee of the Issuer as of June 30, 2010.

F4: In the aggregate, the Reporting Person beneficially owned a total of 68,750 options (with various exercise prices and expiration dates) as of the date of this report.