STEEL DYNAMICS INC — Director's Dealing 2014

Jun 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2014-06-02

Reporting Person: BATES JOHN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-02	Common Stock	A	5791	—	Acquired	24296	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	470403	Indirect

Footnotes

F1: Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Steel Dynamics, Inc. Amended and Restated 2006 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3).

F2: Through control of Heidtman Steel Products, Inc., which holds these shares. Mr. Bates disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.