SEC Form 4 · accession 0001127602-16-037647

AK STEEL HOLDING CORP · AKS

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

Reporting owner

Officer — President & COO

Period of report

Jan 20, 2016

Accepted (ET)

Jan 22, 2016 · 4:20 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 20, 2016	A	43,300	$0.00	A	168,901	D
Common Stock	Jan 21, 2016	F	2,566	$1.91	D	166,335	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	$1.74	Jan 20, 2016	A	60,500	A	Jan 20, 2017	Jan 20, 2026	Common Stock	60,500	60,500	D
Performance Shares^F3,F2,F4	—	Jan 20, 2016	A	22,450	A	Dec 31, 2018	Dec 31, 2018	Common Stock	22,450	22,450	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, 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, 2016 to December 31, 2018 (the "Performance Period").
F3This represents one half of the Performance Shares which were awarded on January 20, 2016 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.
F4The 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.