SEC Form 4 · accession 0001195948-15-000004
STEEL DYNAMICS INC · STLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith E Busse
Director
Period of report
May 20, 2015
Accepted (ET)
May 21, 2015 · 3:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022671
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 20, 2015 | M | 5,527 | $13.57 | A | 1,091,465 | D | |
| Common Stock | May 20, 2015 | F | 3,514 | $21.34 | D | 1,087,951 | D | |
| Common Stock | May 20, 2015 | F | 751 | $21.34 | D | 1,087,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $13.57 | May 20, 2015 | M | 5,527 | D | Nov 21, 2010 | May 21, 2015 | Common Stock | 5,527 | 0 | D |
Explanation of responses
- F1Acquisition of stock pursuant to exercise of employee stock option, exempt under Exchange Act Rule 16b-6(b) and Rule 16b-3(d)(1).
- F2Exercise of stock option exempt pursuant to Rule 16b-6(b).
- F3Disposition to Issuer: Shares withheld by Issuer in payment of reporting person's exercise price under stock option in accordance with Exchange Act Rule 16b-3(d)(1) approved in advance by Compensation Committee and exempt from Section 16(b) of Exchange Act in accordance with Exchange Act Rule 16b-3(e).
- F4Payment of withholding tax liability to the issuer, required by mandatory plan provision, by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. American Society of Corporate Secretaries, SEC No-Action Letter, Q.2 (December 11, 1996). Romeo & Dye, Sec. 16 Treatise Section 14.06[6], fn 96.