SEC Form 4 · accession 0000912603-18-000089
SCHNITZER STEEL INDUSTRIES, INC. · SCHN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter B Saba
Officer — SVP, GC, & Corp. Secretary
Period of report
Oct 31, 2018
Accepted (ET)
Nov 2, 2018 · 8:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912603
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Oct 31, 2018 | A | 15,680 | $0.00 | A | 44,198 | D | |
| Class A Common Stock | Nov 1, 2018 | F | 7,394 | $26.90 | D | 36,804 | D | |
| Class A Common StockF3 | Nov 2, 2018 | S | 7,356 | $26.64 | D | 29,448 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are issuable as a result of satisfaction of performance goals for fiscal years 2016-2018 under a performance share award. Compensation Committee certification of the award payout level occurred on the transaction date.
- F2Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.
- F3This transaction was executed in multiple trades on reported date with prices ranging from $26.62 - $26.70, resulting in an average price of $26.64. Schnitzer Steel Industries, Inc. ("Issuer") will provide upon request by the Commission staff or a security holder of the Issuer full information regarding the number of shares purchased or sold at each separate price.