SEC Form 4 · accession 0000918160-18-000020

AK STEEL HOLDING CORP · AKS

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

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Jan 17, 2018

Accepted (ET)

Jan 19, 2018 · 5:54 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	147,800	$0.00	A	483,400	D
Common Stock	Jan 17, 2018	F	42,103	$6.56	D	441,297	D

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	281,600	A	Jan 17, 2019	Jan 17, 2028	Common Stock	281,600	281,600	D
Performance Shares^F3,F2,F4	—	Jan 17, 2018	A	125,300	A	Dec 31, 2020	Dec 31, 2020	Common Stock	125,300	125,300	D

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.