X0206 3 2013-02-08 0 0000918160 AK STEEL HOLDING CORP AKS 0001567680 Hoffbauer Gregory A 9227 CENTRE POINTE DR WEST CHESTER OH 45069 1 Controller & Chief Acct. Off. Common Stock 8900.725 D Employee Stock Option (Right to Buy) 4.59 2014-01-23 2023-01-23 Common Stock 5500 D Performance Shares 2015-12-31 2015-12-31 Common Stock 3200 D Options vest in three equal annual installments beginning one year after 1/23/2013, the grant date. This represents one half of the Performance Shares which were awarded on January 23, 2013 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time. Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2013 and December 31, 2015 (the "Performance Period"). /s/ Gregory A. Hoffbauer 2013-02-09