X0202 4 2007-06-29 0000276889 QUANEX CORP NX 0001205035 DAVIS SUSAN F 1900 WEST LOOP SOUTH SUITE 1500 HOUSTON TX 77027 1 0 0 0 Phantom Stock Units 0 2007-06-29 4 A 0 54.05 48.7 A Common Stock 54.05 18855.941 D Restricted Stock Units Common Stock 746 746 D Stock Options (Right to buy) 15.7955 2002-10-31 2012-10-31 Common Stock 4500 4500 D Stock Options (Right to buy) 17.8 2003-10-31 2013-10-31 Common Stock 4500 4500 D Stock Options (Right to buy) 22.5333 2004-10-31 2014-10-31 Common Stock 4500 4500 D Stock Options (Right to buy) 33.51 2006-10-31 2016-10-31 Common Stock 3388 3388 D Stock Options (Right to buy) 38.6067 2005-10-31 2015-10-31 Common Stock 3042 3042 D Conversion price is 1-for-1. 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 restricted stock unit will vest immediately, but will not be payable until death, disability or cessation of service on the board or change of control. Units that are credited to the participant's account under the Quanex Corporation Deferred Compensation Plan as a result of Dividend Reinvestment. Each restricted stock unit represents a contingent right to receive cash in an amount equivalent to the value of one share of NX common stock. John J. Mannion, Power of Attorney 2007-07-03