SEC Form 3 · accession 0001127602-16-035911

AK STEEL HOLDING CORP · AKS

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

Reporting owner

David E Westcott

Officer — Vice President and Treasurer

Period of report

Jan 1, 2016

Accepted (ET)

Jan 5, 2016 · 5:11 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	holding	—	—		—	46,056	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)	$7.885	holding	—	—	—	Jan 19, 2007	Jan 19, 2016	Common Stock	1,000	—	D
Employee Stock Option (Right to Buy)	$16.755	holding	—	—	—	Jan 18, 2008	Jan 18, 2017	Common Stock	3,333	—	D
Employee Stock Option (Right to Buy)	$36.585	holding	—	—	—	Jan 17, 2009	Jan 17, 2018	Common Stock	2,750	—	D
Employee Stock Option (Right to Buy)	$9.21	holding	—	—	—	Jan 21, 2010	Jan 21, 2019	Common Stock	5,000	—	D
Employee Stock Option (Right to Buy)	$22.965	holding	—	—	—	Jan 20, 2011	Jan 20, 2020	Common Stock	4,125	—	D
Employee Stock Option (Right to Buy)	$14.57	holding	—	—	—	Jan 19, 2012	Jan 19, 2021	Common Stock	4,681	—	D
Employee Stock Option (Right to Buy)	$9.11	holding	—	—	—	Jan 18, 2013	Jan 18, 2022	Common Stock	8,300	—	D
Employee Stock Option (Right to Buy)^F1	$4.59	holding	—	—	—	Jan 23, 2014	Jan 23, 2023	Common Stock	8,300	—	D
Employee Stock Option (Right to Buy)^F2	$6.72	holding	—	—	—	Jan 22, 2015	Jan 22, 2024	Common Stock	8,300	—	D
Employee Stock Option (Right to Buy)^F3	$3.975	holding	—	—	—	Jan 21, 2016	Jan 21, 2025	Common Stock	14,600	—	D
Performance Shares^F5,F4	—	holding	—	—	—	Dec 31, 2016	Dec 31, 2016	Common Stock	4,850	—	D
Performance Shares^F7,F6	—	holding	—	—	—	Dec 31, 2017	Dec 31, 2017	Common Stock	9,000	—	D

Explanation of responses

F1Options vest in three equal annual installments beginning one year after grant date.
F2Options vest in three equal annual installments beginning one year after grant date.
F3Options vest in three equal annual installments beginning one year after grant date.
F4This represents one half of the Performance Shares which were awarded on January 22, 2014 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.
F5Each 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, 2014 to December 31, 2016 (the "Performance Period").
F6This represents one half of the Performance Shares which were awarded on January 21, 2015 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.
F7Each 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, 2015 to December 31, 2017 (the "Performance Period").