KEANE GEORGE F 4

4 · UNIVERSAL STAINLESS & ALLOY PRODUCTS INC · Filed Feb 7, 2005

Form 4

Period: 2005-02-04

Director

Transactions

Exercise/Conversion
USAP Common Stock
2005-02-04$7.30/sh+1,274$9,300→ 9,274 total
Sale
USAP Common Stock
2005-02-04$17.09/sh−6,224$106,356→ 8,000 total
Exercise/Conversion
USAP Common Stock
2005-02-04$6.25/sh+1,650$10,313→ 10,924 total
Exercise/Conversion
USAP Common Stock Option
2005-02-04$7.30/sh−1,274$9,300→ 25,850 total
Exercise: $7.30From: 2003-08-31Exp: 2012-08-31→ Common Stock (1,274 underlying)
Exercise/Conversion
USAP Common Stock Options
2005-02-04$5.34/sh−825$4,406→ 23,375 total
Exercise: $5.34From: 2004-02-28Exp: 2013-02-28→ Common Stock (825 underlying)
Exercise/Conversion
USAP Common Stock Option
2005-02-04$6.25/sh−1,650$10,313→ 24,200 total
Exercise: $6.25From: 2003-11-30Exp: 2012-11-30→ Common Stock (1,650 underlying)
Exercise/Conversion
USAP Common Stock
2005-02-04$5.34/sh+825$4,406→ 11,749 total
Exercise/Conversion
USAP Common Stock Option
2005-02-04$5.29/sh−825$4,364→ 22,550 total
Exercise: $5.29From: 2004-05-31Exp: 2013-05-31→ Common Stock (825 underlying)

Footnotes (6)

[F1]825 Options are exercisable 08/31/2003 825 Options are exercisable 08/31/2004 850 Options are exercisable 08/31/2005
[F2]825 Options are exercisable 11/30/2003 825 Options are exercisable 11/30/2004 850 Options are exercisable 11/30/2005
[F3]825 Options are exercisable 02/28/2004 825 Options are exercisable 02/28/2005 850 Options are exercisable 02/28/2006
[F4]825 Options are exercisable 05/31/2004 825 Options are exercisable 05/31/2005 850 Options are exercisable 05/31/2006
[F5]825 Options are exercisable 08/31/2004 825 Options are exercisable 08/31/2005 850 Options are exercisable 08/31/2006
[F6]825 Options are exercisable 11/30/2004 825 Options are exercisable 11/30/2005 850 Options are exercisable 11/30/2006

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