GLUCOFT TERRY 4

4 · SCHNITZER STEEL INDUSTRIES INC · Filed Jul 14, 2004

Form 4

Period: 2004-07-12

VP - Domestic Trading

Transactions

Exercise/Conversion
Class A Common Stock
2004-07-12$6.67/sh+3,060$20,410→ 6,660 total
Sale
Class A Common Stock
2004-07-12$30.72/sh−1,260$38,707→ 0 total
Exercise/Conversion
Option to Buy
2004-07-12−2,100→ 8,400 total
Exercise: $12.00Exp: 2013-06-01→ Class A Common Stock (2,100 underlying)
Sale
Class A Common Stock
2004-07-12$30.83/sh−100$3,083→ 8,660 total
Exercise/Conversion
Class A Common Stock
2004-07-12$4.67/sh+3,600$16,812→ 3,600 total
Exercise/Conversion
Option to Buy
2004-07-12−3,060→ 12,240 total
Exercise: $6.67Exp: 2012-06-01→ Class A Common Stock (3,060 underlying)
Sale
Class A Common Stock
2004-07-12$30.80/sh−3,800$117,040→ 4,860 total
Sale
Class A Common Stock
2004-07-12$30.75/sh−1,000$30,750→ 1,260 total
Exercise/Conversion
Option to Buy
2004-07-12−3,600→ 3,600 total
Exercise: $4.67Exp: 2010-06-01→ Class A Common Stock (3,600 underlying)
Exercise/Conversion
Class A Common Stock
2004-07-12$12.00/sh+2,100$25,200→ 8,760 total
Sale
Class A Common Stock
2004-07-12$30.77/sh−2,500$76,925→ 2,260 total

Footnotes (4)

[F1]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.
[F2]The option was granted for 18,000 shares on 6/1/00 and becomes exercisable for 20% of the shares on each of the first five anniversaries of the grant date.
[F3]The option was granted for 19,125 shares on 6/1/02 and becomes exercisable for 20% of the shares on each of the first five anniversaries of the grant date.
[F4]The option was granted for 10,500 shares on 6/1/03 and becomes exercisable for 20% of the shares on each of the first five anniversaries of the grant date.

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