SEC Form 4 · accession 0001209191-17-013825
UNITED STATES STEEL CORP · X
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Burritt
Officer — Exec. VP and CFO
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163302
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 21, 2017 | M | 152,810 | $25.00 | A | 288,482 | D | |
| Common Stock | Feb 21, 2017 | S | 152,810 | $40.87 | D | 135,672 | D | |
| Common Stock | Feb 21, 2017 | M | 33,560 | $24.285 | A | 169,232 | D | |
| Common StockF2 | Feb 21, 2017 | S | 33,560 | $40.87 | D | 135,672 | D | |
| Common Stock | Feb 21, 2017 | M | 18,260 | $24.78 | A | 153,932 | D | |
| Common StockF2 | Feb 21, 2017 | S | 18,260 | $40.87 | D | 135,672 | D | |
| Common Stock | holding | — | — | — | 6,654 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option | $25.00 | Feb 21, 2017 | M | 152,810 | D | Sep 3, 2016 | Sep 3, 2023 | Common Stock | 152,810 | 0 | D |
| Common Stock OptionF3 | $24.285 | Feb 21, 2017 | M | 33,560 | D | May 27, 2016 | May 27, 2024 | Common Stock | 33,560 | 16,780 | D |
| Common Stock OptionF3 | $24.78 | Feb 21, 2017 | M | 18,260 | D | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 18,260 | 36,520 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were completed pursuant to the terms of a 10b5-1 plan.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions ranging in price from $40.87 to $40.895, inclusive. The reporting person undertakes to provide to United States Steel Corporation, any security holder of United States Steel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Option grant vests ratably over three years, one-third on each of the first, second and third grant date anniversaries.