SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[x ] CHECK THIS BOX IF NO LONGER SUBJECT TO SECTION 16. FORM 4 OR
5 OBLIGATIONS MAY CONTINUE.
1. NAME AND ADDRESS OF REPORTING PERSON
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Costello, Craig T.
400 Three Springs Drive
Weirton, WV 26062
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
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Weirton Steel Corporation
WS
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON
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4. STATEMENT FOR MONTH/YEAR
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05/00
5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
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6. RELATIONSHIP OF REPORTING PERSON TO ISSUER
(CHECK ALL APPLICABLE)
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[ ] DIRECTOR [ ] 10% OWNER
[ ] OFFICER (give title)[x] OTHER (Specify below)
Former Director & Executive Vice President -Operations & COO
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TABLE I. NON-DERIVATIVE SEURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
1. TITLE OF SECURITY
Weirton Steel Corporation Common Stock
2. TRANSACTION DATE
5/3/00
3. TRANSACTION CODE
A
4. SECURITIES ACQUIRED (A) OR DISPOSED OF (D)
AMOUNT (A) OR (D) PRICE
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150,000 A 3.88
5. AMOUNT OF SECURITIES BENEFICIALLY OWNED AT END OF MONTH
6. OWNERSHIP FORM: DIRECT(D) OR INDIRECT(I)
7. NATURE OF INDIRECT BENEFICIAL OWNERSHIP
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TABLE I. NON-DERIVATIVE SEURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
1. TITLE OF SECURITY
Weirton Steel Corporation Common Stock
2. TRANSACTION DATE
5/3/00
3. TRANSACTION CODE
S - 132,601 shares
D - 17,399 shares
4. SECURITIES ACQUIRED (A) OR DISPOSED OF (D)
AMOUNT (A) OR (D) PRICE
-------- --------- --------
150,000 D 6.69
5. AMOUNT OF SECURITIES BENEFICIALLY OWNED AT END OF MONTH
18,505
6. OWNERSHIP FORM: DIRECT(D) OR INDIRECT(I)
15,000 Direct
3,505 Indirect
7. NATURE OF INDIRECT BENEFICIAL OWNERSHIP
by United National Bank as Trustee for the Weirton Steel
Corporation 1984 Employee Stock Ownership Plan
TABLE II. DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (e.g. puts, calls, warrants, options,
convertible securities)
1. TITLE OF DERIVATIVE SECURITY
Employee Stock Options
2. CONVERSION OR EXERCISE PRICE OF DERIVATIVE SECURITY
3.88
3. TRANSACTION DATE (MONTH/DAY/YEAR)
5/3/00
4. TRANSACTION CODE
M
5. NUMBER OF DERIVATIVE SECURITIES ACQUIRED(A) OR DISPOSED OF(D)
(A) (D)
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150,000
6. DATE EXERCISABLE AND EXPIRATION DATE (MONTH/DAY/YEAR)
DATE EXERCISABLE EXPIRATION DATE
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7. TITLE AND AMOUNT OF UNDERLYING SECURITIES
TITLE AMOUNT
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Weirton Steel Corp.Common Stock 150,000
8. PRICE OF DERIVATIVE SECURITY
9. NUMBER OF DERIVATIVE SECURITIES BENEFICIALLY OWNED AT END OF
MONTH
287,500 options
10. OWNERSHIP FORM OF DERIVATIVE SECURITY: DIRECT(D) OR
INDIRECT(I)
Direct
11. NATURE OF INDIRECT BENEFICIAL OWNERSHIP
TABLE II. DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (e.g. puts, calls, warrants, options,
convertible securities)
1. TITLE OF DERIVATIVE SECURITY
Weirton Steel Convertible Voting Preferred Stock, Series A
2. CONVERSION OR EXERCISE PRICE OF DERIVATIVE SECURITY
3. TRANSACTION DATE (MONTH/DAY/YEAR)
4. TRANSACTION CODE
5. NUMBER OF DERIVATIVE SECURITIES ACQUIRED(A) OR DISPOSED OF(D)
(A) (D)
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6. DATE EXERCISABLE AND EXPIRATION DATE (MONTH/DAY/YEAR)
DATE EXERCISABLE EXPIRATION DATE
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7. TITLE AND AMOUNT OF UNDERLYING SECURITIES
TITLE AMOUNT
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Weirton Steel Common 855 shares
8. PRICE OF DERIVATIVE SECURITY
9. NUMBER OF DERIVATIVE SECURITIES BENEFICIALLY OWNED AT END OF
MONTH
855 shares
10. OWNERSHIP FORM OF DERIVATIVE SECURITY: DIRECT(D) OR
INDIRECT(I)
Indirect
11. NATURE OF INDIRECT BENEFICIAL OWNERSHIP
by United National Bank as Trustee for the Weirton Steel
Corporation 1989 Employee Stock Ownership Plan
