Steven DiTommaso - 01 Apr 2022 Form 3 Insider Report for UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

Role
VP and CFO
Signature
John Arminas (AIF)
Issuer symbol
N/A
Transactions as of
01 Apr 2022
Net transactions value
$0
Form type
3
Filing time
06 Apr 2022, 18:17:19 UTC
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding USAP USAP Common Stock 12,157 01 Apr 2022 Direct F1

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
holding USAP Stock Option (Right to Buy) 01 Apr 2022 Common Stock 1,000 $19.41 Direct F2
holding USAP Stock Option (Right to Buy) 01 Apr 2022 Common Stock 1,000 $14.39 Direct F3
holding USAP Stock Option (Right to Buy) 01 Apr 2022 Common Stock 1,000 $6.42 Direct F4
holding USAP Stock Option (Right to Buy) 01 Apr 2022 Common Stock 2,500 $9.35 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of this amount, 9,500 are restricted stock units that vest as follows: 1,000 vest on 11/20/2021, 3,750 vest on 11/11/2022, 1,000 vest on 11/20/2022 and 3,750 vest on 11/11/2023.
F2 25% will vest on the first anniversary, 25% will vest on the second anniversary, 25% will vest on the third anniversary and 25% will vest on the fourth anniversary.
F3 25% will vest on the first anniversary, 25% will vest on the second anniversary, 25% will vest on the third anniversary and 25% will vest on the fourth anniversary.
F4 25% will vest on the first anniversary, 25% will vest on the second anniversary, 25% will vest on the third anniversary and 25% will vest on the fourth anniversary.
F5 25% will vest on the first anniversary, 25% will vest on the second anniversary, 25% will vest on the third anniversary and 25% will vest on the fourth anniversary.