SEC Form 4 · accession 0001195949-16-000010
STEEL DYNAMICS INC · STLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Millett
Officer — President and CEO · Director
Period of report
Mar 30, 2016
Accepted (ET)
Apr 1, 2016 · 4:00 pm EDT
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 | $18.57 | Feb 17, 2016 | A | 56,000 | A | Feb 17, 2017 | Feb 17, 2026 | Common Stock | 56,000 | 56,000 | D |
Explanation of responses
- F1Stock Appreciation Rights Program adopted and SAR Award Agreement approved on March 30, 2016, by the Compensation Committee of the Company's Board of Directors, consisting of four non-employee inedpendent directors, exempt pursuant to Rule 16b-3d.
- F2Reflects 100% of the fair market value of underlying common stock on Compensation Committee's grant date.
- F3One-third (18,667) of the SARs are exercisable on or after 2/17/17, an additional 1,555 of the SARs are exercisable each month from 3/17/17 through 1/17/26, and the balance of 1,568 of the SARs are exercisable on or after 2/17/26.