X0202 4 2005-11-30 0001038363 METALS USA INC MUSA 0001235926 BENNETT WILLIAM R ONE RIVERWAY SUITE 1100 HOUSTON 77056 1 former Sr.Vice President Common 2005-11-30 4 M 0 25000 0 A 31000 D Common 2005-11-30 4 M 0 12565 0 A 43565 D Common 2005-11-30 4 M 0 4210 0 A 47775 D Common 2005-11-30 4 S 0 4210 0 D 43565 D Common 2005-11-30 4 S 0 6000 0 D 37565 D Common 2005-11-30 4 S 0 37565 0 D 0 D Deferred Stock Grant 17.22 2005-11-30 4 M 0 4210 22 D 2008-01-27 Common 4210 0 D Non-Qualified Stock Options 17.22 2005-11-30 4 M 0 12565 22 D 2006-01-27 2010-01-27 Common 12565 0 D Non-Qualified Stock Options 4.75 2005-11-30 4 M 0 25000 22 D Common 25000 0 D Immediately upon the effective time of the merger of Flag Acquisition Corporation with and into the Issuer, all unvested securities became fully vested and, in the case of the non-qualified stock options, immediately exercisable. The deferred stock grant becomes fully vested on 1/27/08. The options began vesting 1/3 annually beginning 7/1/04. Immediately upon the effective time of the merger of Flag Acquisition Corporation with and into the Issuer, all unvested securities became fully vested and, in the case of the non-qualified stock options, immediately exercisable. The options expire on 7/1/08. William R. Bennett 2005-12-19