SEC Filings

PRE 14A
RELIANCE STEEL & ALUMINUM CO filed this Form PRE 14A on 04/06/2001
Entire Document
 
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     The following table sets forth information for the executive officers named
above with regard to the aggregate stock options exercised during the year ended
December 31, 2000, and the stock options held as of December 31, 2000:
 
              AGGREGATED OPTIONS/SAR EXERCISES IN LAST FISCAL YEAR
                          AND FY-END OPTION/SAR VALUES
 

<TABLE>
<CAPTION>
                                                               NUMBER OF SECURITIES        VALUE OF UNEXERCISED
                                                                    UNDERLYING                 IN-THE-MONEY
                                SHARES                         UNEXERCISED OPTIONS/            OPTIONS/SARS
                              ACQUIRED ON       VALUE          SARS AT FY-END(#)(2)           AT FY-END($)(1)
       NAME                   EXERCISE(#)   REALIZED($)(1)   EXERCISABLE/UNEXERCISABLE   EXERCISABLE/UNEXERCISABLE
       ----                   -----------   --------------   -------------------------   -------------------------
<S>                           <C>           <C>              <C>                         <C>
David H. Hannah.............    17,250         $306,533            18,750/66,250             $ 66,600/$227,300
Gregg J. Mollins............    33,750         $563,625            18,750/66,250             $ 66,600/$227,300
Karla R. McDowell...........     8,437         $147,774             7,500/32,500             $ 44,400/$160,700
James P. MacBeth............         0                0            19,594/27,281             $135,694/$134,471
William K. Sales, Jr. ......         0                0            20,719/26,156             $113,610/$151,830
</TABLE>

 
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(1) The value of the shares as of December 31, 2000 was based on the composite
    closing price on the New York Stock Exchange for that date or at the date of
    exercise.
 
(2) Includes options where the option price exceeded the closing price for these
    shares as of December 31, 2000.
 
STOCK OPTION PLANS
 
     In 1994, the Board of Directors of the Company adopted an Incentive and
Non-Qualified Stock Option Plan (the "1994 Plan"), which was approved by the
shareholders in May 1994. There are 1,687,500 shares of Common Stock reserved
for issuance under the 1994 Plan. The 1994 Plan provides for granting of stock
options that may be either "Incentive Stock Options" within the meaning of
Section 422A of the Internal Revenue Code of 1986 (the "Code") or "Non-Qualified
Stock Options" which do not satisfy the provisions of Section 422A of the Code.
Incentive Stock Options are required to be issued at an option exercise price
per share equal to the fair market value of a share of Common Stock on the date
of grant, except that the exercise price of options granted to any employee who
owns (or, under pertinent Code provisions, is deemed to own) more than 10% of
the outstanding Common Stock must equal at least 110% of fair market value on
the date of grant. Non-Qualified Stock Options must be issued at an option
exercise price equal to at least fair market value on the date of grant.
Exercise of a stock option will be subject to terms and conditions established
by the Committee and set forth in the instrument evidencing the stock option.
Stock options may be exercised with either cash or shares of the Company's
Common Stock or other form of payment authorized by the Committee. Stock options
may not be granted more than ten years from the date of the 1994 Plan and expire
five years from the date of the grant.
 
     In March 1998, options to purchase 121,500 shares of the Company's Common
Stock were issued at $23.33 per share. In June 1998, options to purchase 31,500
shares of the Company's Common Stock were issued at $24.67 per share. In October
1998, options to purchase 136,500 shares of the Company's Common Stock were
issued at $19.87 per share. Of these options, 9,000 options were issued to named
executive officers of the Company. In March 1999, options to purchase 518,250
shares of the Company's Common Stock were issued at $18.83 per share, and
options to purchase 60,000 shares of the Company's Common Stock were issued in
May 1999 at $25.46 per share. Of these options, 237,750 options were issued to
named executive officers of the Company. In January 2000, options to purchase
146,500 shares of the Company's Common Stock were issued at $22.00 per share. Of
these options, 30,000 options were issued to named executive officers of the
Company. In 1998, options to acquire 64,875 shares of the Company's Common Stock
were exercised at $8.11 per share, none of which were exercised by named
executive officers of the Company. In 1999, options to acquire 111,275 shares of
the Company's Common Stock were exercised at prices ranging from $8.11 to $19.50
per share, 24,938 of which were exercised by named executive officers of the
Company. In 2000, options to acquire 182,863 shares of the Company's Common
stock were exercised at prices ranging from $8.11 to $19.88 per share, 59,437 of
which were exercised by named executive officers of the Company.
   
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