SEC Form 4 · accession 0001234542-17-000009
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC · USAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher L Ayers
Director
Period of report
May 3, 2017
Accepted (ET)
Jun 2, 2017 · 3:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000931584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 31, 2017 | A | 1,695 | $0.00 | A | 18,394 | D | |
| Common StockF2 | May 3, 2017 | A | 154 | $0.00 | A | 18,584 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $18.00 | May 31, 2017 | A | 1,250 | A | — | May 31, 2027 | Common Stock | 1,250 | 1,250 | D |
Explanation of responses
- F1Shares underlying Restricted Stock Units which may be settled solely in shares of the issuer's common stock.
- F2The reporting person has elected to receive common stock valued at a 10% discount to the closing price on the preceding trading day in lieu of cash for a portion of his Board of Director fee equal to $2,496.34. The reporting person has agreed not to transfer any of these shares for a period of one year.
- F3417 options exercisable 05/31/2018 417 options exercisable 05/31/2019 416 options exercisable 05/31/2020