SEC Form 4 · accession 0000918160-17-000041

AK STEEL HOLDING CORP · AKS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP Finance and CFO

Period of report

Jan 18, 2017

Accepted (ET)

Jan 20, 2017 · 5:27 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000918160

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jan 18, 2017	A	23,000	$0.00	A	57,244	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Shares^F2,F1,F3	—	Jan 18, 2017	A	10,500	A	Dec 31, 2019	Dec 31, 2019	Common Stock	10,500	10,500	D
Employee Stock Option (Right to Buy)^F4	$9.78	Jan 18, 2017	A	39,700	A	Jan 18, 2018	Jan 18, 2027	Common Stock	39,700	39,700	D

F1Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate (CAGR) of the Common Stock between January 1, 2017 to December 31, 2019 (the Performance Period).
F2This represents one half of the Performance Shares which were awarded on January 18, 2017 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
F3The number of shares of Common Stock underlying this grant of the Performance Shares will be 0 to 1.5 times the number of Performance Shares granted depending on CAGR achieved during the Performance Period.
F4Options vest in three equal annual installments beginning one year after grant date.