AK STEEL HOLDING CORP 4

4 · AK STEEL HOLDING CORP · Filed Jan 20, 2017

Form 4

Period: 2017-01-18

VP Research and Innovation

Transactions

Award
Common Stock
2017-01-18+6,600→ 82,461 total
Award
Common Stock
[F1]
2017-01-18+7,314→ 89,775 total
Exercise/Conversion
Common Stock
[F2]
2017-01-18+12,300→ 102,075 total
Tax Payment
Common Stock
2017-01-18$9.78/sh−7,319$71,580→ 94,756 total
Exercise/Conversion
Performance Shares
[F2]
2017-01-18−8,200→ 0 total
From: 2016-12-31Exp: 2016-12-31→ Common Stock (12,300 underlying)
Award
Performance Shares
[F3][F4][F5]
2017-01-18+3,050→ 3,050 total
From: 2019-12-31Exp: 2019-12-31→ Common Stock (3,050 underlying)
Award
Employee Stock Option (Right to Buy)
[F6]
2017-01-18+11,500→ 11,500 total
Exercise: $9.78From: 2018-01-18Exp: 2027-01-18→ Common Stock (11,500 underlying)

Footnotes (6)

[F1]This represents Common Stock which was earned pursuant to a January 22, 2014 grant of Performance Shares. The Common Stock was issued at a conversion rate of 0.892 shares of Common Stock for each Performance Share awarded.
[F2]This represents Common Stock which was earned pursuant to a January 22, 2014 grant of Performance Shares. The Common Stock was issued at a conversion rate of 1.5 shares of Common Stock for each Performance Share awarded.
[F3]Each 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, 2017 to December 31, 2019 (the Performance Period).
[F4]This represents one half of the Performance Shares which were awarded on January 18, 2017 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.
[F5]The 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.
[F6]Options vest in three equal annual installments beginning one year after grant date.

Signature

/s/ Joseph C. Alter, attorney-in-fact for Mr. Petersen|2017-01-20

Documents

1 file