TRETHEWEY JAMES A 4
4 · STEEL DYNAMICS INC · Filed Dec 4, 2012
Insider Transaction Report
Form 4
TRETHEWEY JAMES A
Director
Transactions
- Award
Deferred Stock Units
2012-11-30+5,258→ 5,258 totalExercise: $0.00From: 2017-11-30Exp: 2017-11-30→ Common Stock (5,258 underlying)
Footnotes (3)
- [F1]Pursuant to registrant's 2006 Equity Incentive Plan, as amended, in respect to the reporting person's service as a new non-employee director, the reporting person, on November 30, 2012, was granted an exempt pro rata (75%) portion of an award of Deferred Stock Units ("DSUs"). The number of DSUs granted was determined by taking 75% of the regular $90,000 equity retainer amount, divided by the closing price of registrant's common stock on the day preceding the grant date.
- [F2]The reporting person, by prior election, has chosen to receive her common stock, when settled and converted from DSUs, at the expiration of five years following the grant date.
- [F3]Each whole DSU represents registrant's unsecured and unfunded obligation, upon the expiration of the reporting person's deferral period election, to convert and issue to the reporting person one share of registrant's common stock for each DSU. The DSUs are 100% vested on the grant date.