UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | Â (1) | Â (1) | Common Stock | 3,700 | $ (2) | D | Â |
Performance Share Units | Â (3) | Â (3) | Common Stock | 3,700 (4) | $ (5) | D | Â |
Employee Stock Options (right to buy) | 03/18/2013 | 03/17/2018 | Common Stock | 7,300 | $ 12.79 | D | Â |
Employee Stock Options (right to buy) | 10/23/2004 | 10/23/2013 | Common Stock | 4,667 | $ 5.21 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BIEMER ALBERT J 3400 NORTH WOLF ROAD FRANKLIN PARK, IL 60131 |
 |  |  Vice President, Supply Chain |  |
Robert J. Perna, Attorney-in-Fact | 05/03/2010 | |
**Signature of Reporting Person | Date |
* | 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) | The restricted stock units vest in full on December 31, 2012, provided the reporting person is employed by A. M. Castle & Co. on the vesting date. |
(2) | Each restricted stock unit represents a contingent right to receive one share of common stock of A. M. Castle & Co. (the "Company"). |
(3) | The PSUs will vest on December 31, 2012, if the reporting person remains employed by the Company over the performance period and the Company determines that it acheived certain total shareholder return ("TSR") performance goals. The performance period begins on January 1, 2010 and ends December 31, 2012. Once vested, payout for PSU's can range from 0% to 200% based on the Company's relative TSR over the performance period as compared to a group of peer companies. TSR is measured generally as the increase or decrease in the market value of Company common stock including the reinvestment of dividends. |
(4) | The grant amount of 3,700 PSUs assumes 100% vesting. Since payout for PSUs can range from 0% to 200%, the maximum number of shares that could vest and be distributed is 7,400. |
(5) | Each performance share unit (PSU) represents a contingent right to receive one share of A. M. Castle & Co. common stock. |
 Remarks: Exhibit List: Exhibit 24 - Power of Attorney |