STEEL DYNAMICS INC — Director's Dealing 2012

Dec 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2012-11-30

Reporting Person: DOLAN TRACI M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-30	Deferred Stock Units	$0	A	5258	Acquired	2017-11-30	Common Stock (5258)	Direct

Footnotes

F1: Pursuant to registrant's 2006 Equity Incentive Plan, as amended, in respect to the reporting person's service as a new non-employee director, the reporting person, on November 30, 2012, was granted an exempt pro rata (75%) portion of an award of Deferred Stock Units ("DSUs"). The number of DSUs granted was determined by taking 75% of the regular $90,000 equity retainer amount, divided by the closing price of registrant's common stock on the day preceding the grant date.

F2: The reporting person, by prior election, has chosen to receive her common stock, when settled and converted from DSUs, at the expiration of five years following the grant date.

F3: Each whole DSU represents registrant's unsecured and unfunded obligation, upon the expiration of the reporting person's deferral period election, to convert and issue to the reporting person one share of registrant's common stock for each DSU. The DSUs are 100% vested on the grant date.