X0306 4 2016-01-01 0 0000917470 OLYMPIC STEEL INC ZEUS 0001079653 MANSON RICHARD A C/O OLYMPIC STEEL, INC. 22901 MILLCREEK BLVD., SUITE 650 HIGHLAND HILLS OH 44122 0 1 0 0 Vice President and Treasurer Restricted Share Units 2016-01-01 4 A 0 2158 0.00 A Common Stock 2158 9516 D Each restricted share unit ("RSU") represents the contingent right to receive one share of Olympic Steel, Inc. common stock. The RSUs were acquired in connection with Olympic Steel, Inc.'s Senior Management Compensation Program, are fully vested for the Reporting Person and will be settled upon retirement, or earlier upon the executive's death or disability or upon a change in control of Olympic Steel, Inc., in each case in accordance with the applicable award agreement. This total number of RSUs includes previously-granted RSUs with different vesting and payment terms. /s/ Gretchen A. Sterling, as Attorney-in-Fact 2016-01-05