X0202 4 2005-12-01 0000276889 QUANEX CORP NX 0001232445 BAYLES MICHAEL R 1900 WEST LOOP SOUTH SUITE 1500 HOUSTON TX 77027 0 1 0 0 Senior VP-Building Prod. Group Common Stock 2005-12-01 4 A 0 3300 0 A 19206.2458 D Phantom Stock Units 0 Common Stock 18773.783 18773.783 D Stock Options (Right to buy) 21.3333 2003-12-05 2012-12-04 Common Stock 12500 12500 D Stock Options (Right to buy) 26.4 2004-12-04 2013-12-03 Common Stock 13800 13800 D Stock Options (Right to buy) 39.4667 2005-12-01 2014-12-01 Common Stock 21750 21750 D Stock Options (Right to buy) 61.42 2005-12-01 4 A 0 14900 0 A 2006-12-01 2015-12-01 Common Stock 14900 14900 D All units credited under the Deferred Compensation Plan are 100% vested at all times; provided, however, that if a participant receives a benefit from the Deferred Compensation Plan for any reason other than death, disability or retirement within three years after a deferral is credited to a participant's account, any matching awards made by the Company with respect to such deferral will be forfeited. Distributions under the Deferred Compensation Plan are made beginning on a specified date selected bythe participant or upon a participant's death, disability, or termination of employment. The option becomes exercisable in one third increments annually beginning one year from date of grant. Terry M. Murphy, Power of Attorney 2005-12-05