LANG KELLY 4
4 · SCHNITZER STEEL INDUSTRIES INC · Filed Apr 20, 2004
Insider Transaction Report
Form 4
LANG KELLY
Vice President
Transactions
- Exercise/Conversion
Option to Buy
2004-04-19−2,000→ 0 totalExercise: $4.50Exp: 2011-06-01→ Class A Common Stock (2,000 underlying) - Exercise/Conversion
Class A Common Stock
2004-04-19$4.50/sh+2,000$9,000→ 2,000 total - Sale
Class A Common Stock
2004-04-19$31.84/sh−2,000$63,690→ 0 total
Footnotes (2)
- [F1]The option was granted for 18,000 shares on 6/1/01 and became exercisable for 33% of the shares after 12 months from the grant date; 66% of the shares after 24 months from the grant date; and 100% of the shares after 30 months from the grant date.
- [F2]All amounts set forth on this Form 4 give effect to a 3-for-2 stock split effected on March 25, 2004 and a 2-for-1 stock split effected on August 14, 2003.