AKS » Topics » Stock Option Grants in 2004

This excerpt taken from the AKS DEF 14A filed Apr 22, 2005.

Stock Option Grants in 2004

 

Name


  

Number of
Securities
Underlying
Options
Granted

(#)(1)


   Percent of
Total
Options
Granted to
Employees
in 2004


    Exercise
Price Per
Share
($)(2)


   Expiration
Date


   Potential Realizable
Value at Assumed
Annual Rates of Stock
Price Appreciation for
Option Term(3)


              5% ($)

   10% ($)

J. L. Wainscott

   0    0.00 %     N/A    N/A      N/A      N/A

D. C. Horn

   80,000    12.54 %   $ 4.565    1/14/14    $ 229,672    $ 582,035

J. F. Kaloski

   80,000    12.54 %   $ 4.565    1/14/14    $ 229,672    $ 582,035

A. E. Ferrara, Jr.

   0    0.00 %     N/A    N/A      N/A      N/A

D. W. Gant

   40,000    6.27 %   $ 4.565    1/14/14    $ 114,836    $ 291,017

(1)   Because restricted stock and options were granted to Messrs. Wainscott and Ferrara in the fourth quarter of 2003, which anticipated their service as executive officers for calendar year 2004, no additional options were granted to them during 2004.

 

(2)   All options have an exercise price equal to the fair market value (as defined in the plan) of the underlying shares as of the date of grant.

 

(3)   The amounts shown in these columns represent the potential appreciation in the value of the options over their stated term of ten years, based upon assumed compounded rates of appreciation of 5% per year (equivalent to 62.89%) and 10% per year (equivalent to 159.37%), respectively. These amounts are not intended as forecasts of future appreciation, which is dependent upon the actual increase, if any, in the market price of the shares underlying the options, and there is no assurance that the amounts of appreciation shown in these columns will be realized.

 

The following table provides information as to options exercised by each of the Named Executives in 2004 and the value of options held by them at year end:

 

"Stock Option Grants in 2004" elsewhere:

Nucor (NUE)
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