SEC Form 4 · accession 0000918160-18-000016
AK STEEL HOLDING CORP · AKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Renee S Filiatraut
Officer — VP Litigation, Labor & Ext Aff
Period of report
Jan 17, 2018
Accepted (ET)
Jan 19, 2018 · 5:49 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 17, 2018 | A | 10,200 | $0.00 | A | 54,830 | D | |
| Common Stock | Jan 18, 2018 | F | 730 | $0.00 | D | 54,100 | D | |
| Common Stock | Dec 13, 2017 | G | 692 | $0.00 | D | 53,408 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $6.56 | Jan 17, 2018 | A | 19,400 | A | Jan 17, 2019 | Jan 17, 2028 | Common Stock | 19,400 | 19,400 | D |
| Performance SharesF3,F2,F4 | — | Jan 17, 2018 | A | 8,600 | A | Dec 31, 2020 | Dec 31, 2020 | Common Stock | 8,600 | 8,600 | D |
Explanation of responses
- F1Options vest in three equal annual installments beginning one year after grant date.
- F2Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on Total Shareholder Return relative to other companies in the Van Eck Vectors Steel ETF with Total Shareholder Return defined as appreciation in stock price and reinvestment of dividends between January 1, 2018 and December 31, 2020 (the Performance Period).
- F3This represents Performance Shares awarded on January 17, 2018 and are being reported at this time because they may constitute derivative securities.
- F4The number of shares of Common Stock underlying this grant of Performance Shares will be 0 to 1.5 times the number of Performance Shares granted depending on Total Shareholder Return achieved during the Performance Period.