Williams Richard S. 4
4 · AK STEEL HOLDING CORP · Filed Jan 20, 2012
Insider Transaction Report
Form 4
Williams Richard S.
Controller & Chief Acct. Off.
Transactions
- Award
Common Stock
2012-01-18+6,300→ 14,009 total - Tax Payment
Common Stock
2012-01-19$9.40/sh−534$5,022→ 13,475 total - Award
Employee Stock Option (Right to Buy)
2012-01-18+8,300→ 8,300 totalExercise: $9.11From: 2013-01-18Exp: 2022-01-18→ Common Stock (8,300 underlying) - Award
Performance Shares
2012-01-18+4,850→ 4,850 totalFrom: 2014-12-31Exp: 2014-12-31→ Common Stock (4,850 underlying)
Footnotes (4)
- [F1]Options vest in three equal annual installments beginning one year after grant date.
- [F2]Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 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, 2012 and December 31, 2014 (the "Performance Period").
- [F3]This represents one half of the Performance Shares which were awarded on January 18, 2012 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.
- [F4]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 the CAGR achieved during the Performance Period.