STEEL DYNAMICS INC — Director's Dealing 2020

Nov 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2020-11-21

Reporting Person: MILLETT MARK D (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-21	Common Stock	A	35461	—	Acquired	3271251	Direct
2020-11-21	Common Stock	F	15854	$35.25	Disposed	3255397	Direct
2020-03-24	Common Stock	G	150000	—	Acquired	150000	Indirect

Footnotes

F1: Represents grant of restricted stock, in lieu of restricted stock units because of reporting person's retirement age, for no consideration, and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). subject, however, to the following holding periods: 1/3 on 11/21/2022, 1/3 on 11/21/2023, and the final 1/3 on 11/21/2024.

F2: Represents disposition to issuer to cover taxes payable upon issuance of shares reported in footnote (1), exempt from Section 16(b) pursuant to Rule 16b-3.

F3: On March 24, 2020, the reporting person contributed 150,000 shares of Steel Dynamics, Inc. common stock to a grantor retained annuity trust (GRAT), of which he is the sole trustee and annuitant. constituting a mere change in the form of beneficial ownership, exempt from both the reporting requirements of Section 16(a) and the short-swing profit recovery provisions of Section 16(b) by reason of Rule 16a-13, and entitled to deferred reporting on year-end Form 5. This report is voluntarily made earlier on this Form 4.