| On November 13, Scott Lewis, a member of the board of Schnitzer Steel Industries and the trustee of the Scott Lewis Revocable Trust, adopted a prearranged trading plan on behalf of the Trust in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the company’s stock trading policies. Rule 10b5-1 permits officers, directors and employees who are not in possession of material nonpublic information to adopt pre-arranged trading plans in the company’s securities under specified conditions. Lewis informed the company that the sales to be effected pursuant to the plan are to fund other obligations. The plan provides for the sale of up to 30,000 shares of the company’s shares of common stock held by the Scott Lewis Revocable Trust in the open market at specified market prices, subject to specified limitations. :theflyonthewall.com |
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