SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WESTBROOKS KRISTOPHER R

(Last) (First) (Middle)
1835 DUEBER AVE. SW

(Street)
CANTON OH 44706

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TimkenSteel Corp [ TMST ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/27/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Common Shares 12/27/2023 M 5,906 A $5.26 177,369 D
Common Shares 12/27/2023 M 5,906 A $5.26 183,275 D
Common Shares 12/27/2023 M 4,137 A $12.45 187,412 D
Common Shares 12/27/2023 S 5,906 D $24.0753(1) 181,506 D
Common Shares 12/27/2023 S 5,906 D $24.1508(2) 175,600 D
Common Shares 12/27/2023 S 4,137 D $24.0739(3) 171,463 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Nonqualified Stock Option (Right to buy) $5.26 12/27/2023 M 5,906 (4) 03/02/2030 Common Stock 5,906 $0 46,762 D
Nonqualified Stock Option (Right to buy) $5.26 12/27/2023 M 5,906 (4) 03/02/2030 Common Stock 5,906 $0 40,856 D
Nonqualified Stock Option (Right to buy) $12.45 12/27/2023 M 4,137 (5) 03/01/2029 Common Shares 4,137 $0 24,826 D
Explanation of Responses:
1. Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $23.90 to $24.15.
2. Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $24.035 to $24.24.
3. Price reported is the weighted average sale price for shares sold by the reporting owner on December 27, 2023. Shares were sold at a variety of prices ranging from $24.06 to $24.12.
4. Vests in four equal annual installments beginning March 2, 2021.
5. Vests in four equal annual installments beginning March 1, 2020.
Remarks:
The reporting person adopted a written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) on August 29, 2023. All transactions reported herein were made purusant to that plan.
/s/ Kristine C. Syrvalin, as Attorney-in-Fact 12/27/2023
** Signature of Reporting Person Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.