STEEL DYNAMICS INC — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2020-02-20

Reporting Person: Wagler Theresa E (Executive Vice President & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-20	Stock Appreciation Rights	$29.13	A	29594	Acquired	2030-02-20	Common Stock (29594)	Direct

Footnotes

F1: Stock Appreciation Rights (SAR) Award Agreement approved on February 20, 2020, 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 (9,865) of the SARs are exercisable on or after 2/20/21, an additional 823 of the SARs become exercisable each month for the next 23 months, and the balance of 800 of the SARs become exercisable on 2/20/23. This SARs award expires on 2/20/2030.