SEC Form 4 · accession 0001209191-17-016856
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 28, 2017
Accepted (ET)
Mar 2, 2017 · 5:55 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 StockF1 | Feb 28, 2017 | A | 51,165 | $0.00 | A | 183,278 | D | |
| Common StockF2 | Feb 28, 2017 | F | 24,606 | $39.27 | D | 158,672 | D | |
| Common StockF3 | Feb 28, 2017 | A | 14,010 | $0.00 | A | 172,682 | D | |
| Common Stock | holding | — | — | — | 6,760 | 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 OptionF4 | $39.27 | Feb 28, 2017 | A | 30,020 | A | — | Feb 28, 2027 | Common Stock | 30,020 | 30,020 | D |
Explanation of responses
- F1This line represents performance-based restricted stock units (RSUs) that were granted on February 25, 2014 and vested on February 28, 2017. Performance awards vest depending upon the performance of U. S. Steel's common stock performance vs. that of a peer group over a three-year period.
- F2This line reflects the tax withholding on the vesting of performance based restricted stock units (RSUs) that were granted on February 25, 2014.
- F3This line reflects the grant of RSUs. RSUs vest ratably over three years, one-third on each of the first, second and third grant date anniversaries. RSUs are payable in stock only.
- F4This line reflects the grant of stock options to purchase U. S. Steel common stock. Option grants vest ratably over three years, one-third on each of the first, second and third grant date anniversaries.