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STEEL DYNAMICS INC — Director's Dealing 2019
Feb 13, 2019
30310_dirs_2019-02-13_f09b2aff-179d-447e-a609-b5cafbb408dc.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: 2019-02-11
Reporting Person: MILLETT MARK D (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-11 | Stock Appreciation Rights | $35.76 | A | 185000 | Acquired | 2029-02-11 | Common Stock (185000) | Direct |
Footnotes
F1: Stock Appreciation Rights (SAR) Award Agreement approved on February 11, 2019, 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 (61,667) of the SARs are exercisable on or after 2/11/20, an additional 5,139 of the SARs become exercisable each month for the next 23 months, and the balance of 5,136 of the SARs become exercisable on 2/11/22. This SARs award expires on 2/11/2029.