SEC Form 4 · accession 0001022671-18-000023
STEEL DYNAMICS INC · STLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theresa E Wagler
Officer — Executive Vice President & CFO
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 3:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022671
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1,F2,F3 | $46.79 | Feb 15, 2018 | A | 30,000 | A | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Stock 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.
- F2Reflects the fair market value of underlying common stock on the grant date.
- F3One-third (10,000) of the SARs are exercisable on or after 2/15/19, an additional 834 of the SARs become exercisable each month for the next 23 months, and the balance of 818 of the SARs become exercisable on 2/15/21. This SARs award expires on 2/15/2028.