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STEEL DYNAMICS INC — Director's Dealing 2018
Feb 20, 2018
30310_dirs_2018-02-20_6ea5cb61-1dc6-42e8-8fbd-95c7d926d35f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2018-02-15
Reporting Person: RINN RUSSELL B (Executive Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-15 | Stock Appreciation Rights | $46.79 | A | 25000 | Acquired | 2028-02-15 | Common Stock (25000) | Direct |
Footnotes
F1: Stock Appreciation Rights (SAR) Award Agreement approved on February 15, 2018, by the Compensation Committee of the Company's Board of Directors, consisting of five non-employee independent directors, exempt pursuant to Rule 16b-3d.
F2: Reflects the fair market value of underlying common stock on the grant date.
F3: One-third (8,333) of the SARs are exercisable on or after 2/15/19, an additional 695 of the SARs become exercisable each month for the next 23 months, and the balance of 682 of the SARs become exercisable on 2/15/21. This SARs award expires on 2/15/2028.