Sec Form 3 Filing - DiTommaso Steven @ UNIVERSAL STAINLESS & ALLOY PRODUCTS INC - 2022-04-01

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
DiTommaso Steven
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC [ USAP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP and CFO
(Last) (First) (Middle)
600 MAYER STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2022
(Street)
BRIDGEVILLE, PA15017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
USAP Common Stock 12,157( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 19.41 ( 2 ) 11/29/2028 Common Stock 1,000 D
Stock Option (Right to Buy) $ 14.39 ( 3 ) 11/14/2029 Common Stock 1,000 D
Stock Option (Right to Buy) $ 6.42 ( 4 ) 11/20/2030 Common Stock 1,000 D
Stock Option (Right to Buy) $ 9.35 ( 5 ) 11/11/2031 Common Stock 2,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DiTommaso Steven
600 MAYER STREET
BRIDGEVILLE, PA15017
VP and CFO
Signatures
John Arminas (AIF) 04/06/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )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.
( 5 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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