1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
03/18/2011(1)
|
03/18/2020 |
Common Stock
|
2,000
|
$
22.94
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/19/2012(1)
|
01/19/2021 |
Common Stock
|
3,106
|
$
14.57
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/18/2013(1)
|
01/18/2022 |
Common Stock
|
5,500
|
$
9.11
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/23/2014(1)
|
01/23/2023 |
Common Stock
|
5,500
|
$
4.59
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/22/2015(1)
|
01/22/2024 |
Common Stock
|
4,100
|
$
6.72
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/21/2016(1)
|
01/21/2025 |
Common Stock
|
9,900
|
$
3.975
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/20/2017(1)
|
01/20/2026 |
Common Stock
|
8,200
|
$
1.74
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/18/2018(1)
|
01/18/2027 |
Common Stock
|
7,000
|
$
9.78
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/17/2019(1)
|
01/17/2028 |
Common Stock
|
14,500
|
$
6.555
|
D
|
Â
|
Performance Shares
|
12/31/2018 |
12/31/2018 |
Common Stock
|
3,800
(2)
|
$
(3)
|
D
|
Â
|
Performance Shares
|
12/31/2019 |
12/31/2019 |
Common Stock
|
1,650
(4)
|
$
(5)
|
D
|
Â
|
Performance Shares
|
12/31/2020 |
12/31/2020 |
Common Stock
|
6,500
(6)
|
$
(7)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Options vest in three equal annual installments beginning one year after grant date. |
(2) |
This represents one half of the Performance Shares which were awarded on January 20, 2016 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. |
(3) |
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, 2016 to December 31, 2018 (the Performance Period). |
(4) |
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. |
(5) |
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, 2017 to December 31, 2019 (the Performance Period). |
(6) |
This represents Performance Shares awarded on January 17, 2018 and are being reported at this time because they may constitute derivative securities. |
(7) |
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 Total Shareholder Return relative to other companies in the Van Eck Vectors Steel ETF with Total Shareholder Return defined as appreciation in stock price and reinvestment of dividends between January 1, 2018 and December 31, 2020 (the Performance Period). |