SEC Form 4 · accession 0001022671-19-000023
STEEL DYNAMICS INC · STLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn Pushis
Officer — Senior Vice President
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 1:18 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 RightsF1,F2,F3 | $35.76 | Feb 11, 2019 | A | 15,000 | A | Feb 11, 2020 | Feb 11, 2029 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1Stock 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.
- F2Reflects the fair market value of underlying common stock on the grant date.
- F3One-third (5,000) of the SARs are exercisable on or after 2/11/20, an additional 417 of the SARs become exercisable each month for the next 23 months, and the balance of 409 of the SARs become exercisable on 2/11/22. This SARs award expires on 2/11/2029.