STEEL DYNAMICS INC — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2014-02-28

Reporting Person: Seaman Bradley S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-28	Common Stock	A	2154	—	Acquired	2154	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 February 28, 2014, was granted an exempt pro rata (5/12) portion of an award of Deferred Stock Units ("DSUs"), exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). The number of DSUs granted was determined by taking 5/12 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: Reportable 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).