Udi Toledano - Jan 23, 2025 Form 4 Insider Report for UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (USAP)

Role
Director
Signature
John Arminas AIF
Stock symbol
USAP
Transactions as of
Jan 23, 2025
Transactions value $
-$5,727,030
Form type
4
Date filed
1/23/2025, 12:14 PM
Previous filing
Dec 4, 2024

Transactions Table

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$56K -2.5K -100% $22.38 0 Jan 23, 2025 Common Stock 2.5K $22.62 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$67.4K -2.5K -100% $26.95 0 Jan 23, 2025 Common Stock 2.5K $18.05 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$80.3K -2.5K -100% $32.13 0 Jan 23, 2025 Common Stock 2.5K $12.87 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$87K -2.5K -100% $34.79 0 Jan 23, 2025 Common Stock 2.5K $10.21 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$93.4K -2.5K -100% $37.35 0 Jan 23, 2025 Common Stock 2.5K $7.65 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$83.7K -2.5K -100% $33.47 0 Jan 23, 2025 Common Stock 2.5K $11.53 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$85.2K -2.5K -100% $34.09 0 Jan 23, 2025 Common Stock 2.5K $10.91 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$81.6K -2.5K -100% $32.65 0 Jan 23, 2025 Common Stock 2.5K $12.35 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$37.4K -1.25K -100% $29.92 0 Jan 23, 2025 Common Stock 1.25K $15.08 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$33.8K -1.25K -100% $27.00 0 Jan 23, 2025 Common Stock 1.25K $18.00 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$33.8K -1.25K -100% $27.06 0 Jan 23, 2025 Common Stock 1.25K $17.94 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$29.9K -1.25K -100% $23.92 0 Jan 23, 2025 Common Stock 1.25K $21.08 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$24.5K -1.25K -100% $19.61 0 Jan 23, 2025 Common Stock 1.25K $25.39 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$26.4K -1.25K -100% $21.08 0 Jan 23, 2025 Common Stock 1.25K $23.92 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$19.1K -1.25K -100% $15.26 0 Jan 23, 2025 Common Stock 1.25K $29.74 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$31.6K -1.25K -100% $25.27 0 Jan 23, 2025 Common Stock 1.25K $19.73 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$32.7K -1.25K -100% $26.19 0 Jan 23, 2025 Common Stock 1.25K $18.81 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$40.2K -1.25K -100% $32.12 0 Jan 23, 2025 Common Stock 1.25K $12.88 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$36.6K -1.25K -100% $29.27 0 Jan 23, 2025 Common Stock 1.25K $15.73 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$38.9K -1.25K -100% $31.15 0 Jan 23, 2025 Common Stock 1.25K $13.85 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$41.4K -1.25K -100% $33.09 0 Jan 23, 2025 Common Stock 1.25K $11.91 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$46.5K -1.25K -100% $37.16 0 Jan 23, 2025 Common Stock 1.25K $7.84 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$48.2K -1.25K -100% $38.59 0 Jan 23, 2025 Common Stock 1.25K $6.41 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$47.6K -1.25K -100% $38.10 0 Jan 23, 2025 Common Stock 1.25K $6.90 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$43.4K -1.25K -100% $34.72 0 Jan 23, 2025 Common Stock 1.25K $10.28 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$42.8K -1.25K -100% $34.25 0 Jan 23, 2025 Common Stock 1.25K $10.75 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$42.5K -1.25K -100% $34.03 0 Jan 23, 2025 Common Stock 1.25K $10.97 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$45.9K -1.25K -100% $36.72 0 Jan 23, 2025 Common Stock 1.25K $8.28 Direct F3
transaction USAP Stock Option (Right to Buy) Disposed to Issuer -$43.6K -1.25K -100% $34.87 0 Jan 23, 2025 Common Stock 1.25K $10.13 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Udi Toledano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the disposition of the reporting person's shares common stock, par value $0.001, of Universal Stainless & Alloy Products, Inc. (the "Company") upon the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 16, 2024 (the "Merger Agreement"), among the Company, Aperam US Holdco LLC ("Parent") and Aperam US Absolute LLC ("Merger Sub"), including the consummation of the merger of Merger Sub with and into the Company with the Company as the surviving corporation on January 23, 2025 (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each outstanding share of the Company's common stock was canceled and converted automatically into the right to receive $45.00 in cash, without interest (the "Merger Consideration").
F2 The shares of the Company's common stock reported as disposed by the reporting person include restricted stock unit awards. Pursuant to the Merger Agreement, at the Effective Time, each outstanding restricted stock unit award granted under the Company's Amended and Restated 2017 Equity Incentive Plan was canceled and converted into the right to receive an amount in cash, without interest, equal to the product of (a) the Merger Consideration and (b) the aggregate number of shares subject to such restricted stock unit award, less applicable taxes and authorized deductions.
F3 Pursuant to the Merger Agreement, at the Effective Time, each outstanding and unexercised option to purchase shares of the Issuer's common stock, whether vested or unvested (each such option, a "Company Stock Option"), was canceled and converted into the right to receive an amount in cash, without interest and subject to applicable tax withholdings, equal to the product of (a) the excess, if any, of the Merger Consideration over the exercise price per share of common stock of such Company Stock Option and (b) the total number of shares of common stock subject to such Company Stock Option.