----

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| Delaware                                          | 13-3070826                        |
|---------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of                   | (IRS Employer Identification No.) |
| Incorporation or organization)                    |                              |
|                                              |                              |
| 2511 Garden Road                                  | 93940                             |
| Building A, Suite 200                             | (Zip Code)                        |
| Monterey, California                              |                              |
| (Address of registrant’s principal offices) |                              |

| Title of each class:                    |   | Name of each exchange on which registered: |
|-----------------------------------------|--------|--------------------------------------------|
| Common Stock, $0.01 par value per share |   | NASDAQ Stock Market LLC                    |
| Preferred Stock Purchase Rights         |   | (NASDAQ Global Select Market)              |

| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.      | Yes  | x      | No  |  ̈ |
|------------------------------------------------------------------------------------------------------------------------------|-----------|--------|----------|--------|
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. | Yes  |  ̈ | No  | x      |

| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x  No  ̈                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x    No  ̈ |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in a definitive proxy or information statement incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    ̈                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.                                                                                                                          |

| Large Accelerated Filer x | Accelerated Filer  ̈ | Non-Accelerated Filer     ̈(Do not check if a smaller reporting company) | Smaller Reporting   ̈Company |
|---------------------------|--------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------|

| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   Yes  ̈  No x                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                             |
| Based upon the closing price of the registrant’s common stock on the NASDAQ Global Select Market on June 30, 2011, the approximate aggregate market value of the common stock held by non-affiliates of the registrant was approximately $885,000,000.  As of January 31, 2012, 88,844,327 shares of common stock of the registrant were issued and outstanding. |
|                                                                                                                                                                                                                                                                                                                                                                             |
| Documents Incorporated by Reference:  None                                                                                                                                                                                                                                                                                                                             |

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|   | Ÿ | Item 10 – Directors, Executive Officers and Corporate Governance;                                         |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|
|   | Ÿ | Item 11 – Executive Compensation;                                                                         |
|   | Ÿ | Item 12 – Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters; |
|   | Ÿ | Item 13 – Certain Relationships and Related Transactions, and Director Independence; and                  |
|   | Ÿ | Item 14 – Principal Accounting Fees and Services.                                                    |

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TABLE OF CONTENTS

| Part III         |           |                                                                                           | Page      |
|------------------|----------------|------------------------------------------------------------------------------------------------|-----------|
|             |  Item 10. | Directors, Executive Officers and Corporate Governance                                         |   1  |
|             |  Item 11. | Executive Compensation                                                                         |   11 |
|             |  Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |   30 |
|             |  Item 13. | Certain Relationships and Related Transactions, and Director Independence                      |   32 |
|             |  Item 14. | Principal Accountant Fees and Services                                                         |   34 |
|             |           |                                                                                           |      |
| Part IV          |           |                                                                                           |      |
|             |  Item 15. | Exhibits and Financial Statement Schedules                                                     |   35 |
|             |           |                                                                                           |      |
|   Signature |           |  36                                                                                       |

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Table of Contents

PART III

Item 10.  Director, Executive Officers and Corporate Governance

|  Name          |   |  Age |   |  Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |  Director Since |
|---------------------|--------|-----------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|
| John C. Fontaine    |   | 80        |   |         Our Lead Director from 2005 to 2008; Of Counsel, to the law firm of Hughes, Hubbard & Reed LLP since January 2000 and Partner from July 1997 to December 1999; Chairman of the Samuel H. Kress Foundation from 1994 to 2006; Trustee of the National Gallery of Art from 2003 to 2007 and Chairman of the Board of Trustees from 2006 to 2007. During his over 15-year tenure on the Board, Mr. Fontaine has acquired a depth of experience in the aluminum industry and familiarity with our business.  The Board benefits greatly from Mr. Fontaine’s many years of experience counseling boards and senior management regarding corporate governance, compliance, disclosure, international business conduct and other relevant issues as a partner in the New York law firm of Hughes, Hubbard & Reed.  In addition, Mr. Fontaine has served as a director of two New York Stock Exchange listed companies and as a senior officer of Knight Ridder, Inc., including as its President until his retirement from the company in 1997.  In addition, in his time as a director of Century, Mr. Fontaine has served as chairman of its Audit and Compensation committees and served on the Governance and Nominating Committee, adding valuable familiarity with the full range of our corporate and board functions.                                                                                                                                       |   | 1996                 |
| Willy R. Strothotte |   | 68        |   |         Chairman of the Board of Glencore International AG from 1994 to April 2011 and Chief Executive Officer from 1993 to December 2001; Director of KKR Financial Holdings LLC since January 2007; Director of Minara Resources Ltd. from 2000 to October 2011; and Chairman of the Board of Xstrata AG from 1994 to May 2011. Mr. Strothotte was designated for nomination to our Board of Directors by Glencore pursuant to the terms of our Standstill and Governance Agreement, dated July 7, 2008, between Glencore and the Company, as amended.  Under the terms of the Standstill and Governance Agreement, Glencore may submit to our board one Class I nominee to stand for election to our board of directors. Inclusion of such nominee is subject to the consent of a majority of the members of our Governance and Nominating Committee, subject to the reasonable exercise of the fiduciary duties of such members.  Our Governance and Nominating Committee has determined that Mr. Strothotte adds valuable expertise in the metals and mining industry through his time spent as Chairman and Chief Executive Officer of Glencore and Chairman of Xstrata AG.  Mr. Strothotte also provides extensive experience in all stages of aluminum production from alumina production to aluminum refining, production and marketing.  In addition, as a German citizen, Mr. Strothotte provides international perspective and diversity to the Board.  |   | 1996                 |

1

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| Name          |   | Age |   |   Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   Director Since |
|---------------|--------|-----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|
| Jarl Berntzen |   | 45  |   | Senior Director, Corporate Development of Dolby Laboratories since 2011; Director, Corporate Development for Rambus, Inc. since November 2010; Founder, Global Strategic Advisers, LLC from March 2009 to October 2010; Managing Director and Portfolio Manager of Interlachen Capital Group from August 2008 through February 2009; Partner-Head of Mergers and Acquisitions, ThinkEquity Partners LLC from March 2006 to August 2008; Director of Universal Safety Response, Inc. from October 2007 to April 2009; Senior Vice President, Barrington Associates Inc. from April 2005 to February 2006; and Founder, Berntzen Capital Management, LLC from March 2003 to April 2005. Mr. Berntzen has extensive experience in mergers and acquisitions (“M&A”), financial restructurings and corporate development activities, having served in senior M&A advisory positions at several international investment banks and advisory firms, including more than 10 years with Goldman, Sachs & Co., in addition to ThinkEquity Partners LLC and Barrington Associates.  Mr. Berntzen’s financial acumen, investment banking experience and international M&A and restructuring experience provides insight to the Board when considering Century’s operational restructuring and growth and development objectives.  Mr. Berntzen has been designated an “audit committee financial expert” as defined in the regulations of the Securities and Exchange Commission (“SEC”).  In addition, Mr. Berntzen is a citizen of Norway and provides international perspective and diversity to the Board. |   | 2006                  |

|  Name            |   |  Age |   |  Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |  Director Since |
|-----------------------|--------|-----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|
| John P. O’Brien |   | 70        |   | Chairman of the Board of the Company from January 2008 to June 2011; Director and Vice President of Chagrin Nolls Condominium Association since June 2011; Managing Director of Inglewood Associates Inc. since 1990; Chairman of Allied Construction Products since March 1993; Director of Preformed Line Products Company from May 2004 to May 2008; Director of Globe Speciality Metals from May 2008 to October 2008; Director of Oglebay Norton Company from April 2003 to February 2008; Member of the Board of Trustees of Saint Luke’s Foundation of Cleveland, Ohio since 2006; Trustee of Cleveland Sight Center since 1990; Chairman, Chagrin Falls Board of Zoning Appeals from 2005 to January 2010; Member of the Advisory Committee of the Carver Family Center for Macular Degeneration, University of Iowa School of Medicine since June 2009; Member of the Advisory Council, Macular Degeneration Center, Case Western Reserve University Medical School since October 2009; and Trustee of Downtown Chagrin Falls from 2000 to 2008. With Mr. O’Brien’s over 11 years experience on our Board and his service as a director of Preformed Line Products and other aluminum purchasers, Mr. O’Brien provides our Board with valuable experience in the aluminum industry.  In addition, he has spent over 18 years as Chairman of Allied Construction Products and has served as a director of numerous other public companies.  The Board benefits from Mr. O’Brien’s proven business acumen and leadership skills in his service as Chairman of the Board.  Mr. O’Brien also has extensive restructuring experience from his time spent as a Managing Director of Inglewood Associates Inc. and as Chairman of the Restructuring Committee of the Board of Directors of Oglebay Norton Company, which has proven valuable to the Board when considering Century’s operational restructuring and growth and development objectives.  Mr. O’Brien’s service on the board of several non-profit health organizations brings valuable diversity to the Board’s considerations of health, safety and sustainability matters.  Mr. O’Brien serves as Chair of the Audit Committee and has been designated an “audit committee financial expert” as defined in the regulations of the SEC.  |   | 2000                 |

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|   Name     |   |   Age |   |   Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   Director Since |
|-----------------|--------|------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|
| Peter C. Jones  |   | 64         |   | Director of Concordia Resources Corp. since March 2012; Director of Red Crescent Resources Limited (formerly NiCo Mining Limited) since August 2009; Director of Royal Nickel Corp. since December 2008; Director of Mizuho Corporate Bank (Canada) from December 2006 to May 2010; Director of Iamgold Corporation from May 2006 to May 2011 and Interim President and Chief Executive Officer from January to November 2010; Chairman of Lakota Resources from December 2008 to October 2009; Director, President and Chief Operating Officer of Inco Ltd from April 2002 to November 2006; President Commissioner of PT Inco TBK from 1999 to 2006; Chairman Goro Nickel SAS from 2003 to February 2007; Member of the Board and Executive Committee, Mining Association of Canada from 1997 to 2006; and Member of the Board, Royal Ontario Museum from 2003 to 2006. Mr. Jones has over 40 years of experience in the metals and mining industries, including both underground and open pit mining, smelting and refining of multiple base and precious metals.  Mr. Jones has executive level experience including serving as President and Chief Executive Officer of Hudson Bay Mining and Smelting, President and Chief Operating Officer of Inco Limited and Chief Executive Officer of Iamgold, and brings extensive operational experience and perspective to the Board’s deliberations. Mr. Jones also has extensive experience as a director of public companies and his service as Chairman of Iamgold Corporation’s and Century’s Compensation Committees and as a member of various other audit, corporate governance, environmental, health and safety committees adds substantial governance and compensation expertise to the Board.  In addition, as a dual-citizen of Canada and the United Kingdom and having lived and worked in a number of different countries, Mr. Jones provides international perspective and diversity to the Board.  |   | 2007                  |
| Daniel Goldberg |   | 33         |   | Asset and Investment Manager of the Aluminum and Alumina Department of Glencore International AG since February 2005.  Director of various Glencore-controlled entities. Mr. Goldberg was appointed to our Board of Directors by Glencore in accordance with a support agreement, dated April 6, 2010 between Glencore and the Company (the “2010 Support Agreement”).  Under the 2010 Support Agreement, following Ivan Glasenberg’s resignation from the Board in January 2011, Glencore was entitled to designate a director (in addition to the directors it is entitled to designate for nomination pursuant to the Standstill and Governance Agreement and the 2011 Support Agreement), reasonably acceptable to Century, for appointment to the Board to replace Mr. Glasenberg until the 2013 Annual Meeting.  Prior to Mr. Goldberg’s appointment, our Governance and Nominating Committee considered Glencore’s input as our largest stockholder and following review of Mr. Goldberg’s credentials, determined that Mr. Goldberg would add valuable expertise in the metals and mining industry by virtue of his experience as Asset and Investment Manager of the Aluminum and Alumina Department at Glencore.  Mr. Goldberg provides extensive experience in all stages of aluminum production from alumina production to aluminum refining, production and marketing.  In addition, as a South African citizen and a resident of Switzerland, Mr. Goldberg provides international perspective and diversity to the Board.                                                                                                                                                                                                                                                                                                                                                                             |   | 2011                  |

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|   Name       |   |   Age |   |   Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   Director Since |
|-------------------|--------|------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|
| Andrew Michelmore |   | 59         |   | Chief Executive Officer of Minmetals Resources since December 2010; Chief Executive Officer of Minerals and Metals Group since June 2009; Chief Executive Officer and Managing Director of OZ Minerals LTD from June 2008 to June 2009; Chief Executive Officer and Managing Director of Zinifex Limited from February 2008 to June 2008; Chief Executive Officer of EN+ Group from January 2006 to September 2007; Chief Executive Officer and Managing Director of WMC Resources from February 1993 to June 2005; Director of RUSAL from February 2006 to March 2007; Director of United Company RUSAL plc from March 2007 to September 2007; Chairman of the Jean Hailes Foundation since 1996; and Chairman of Ormond College Council since 2003. Mr. Michelmore was identified to our Board of Directors by Glencore.  Although Glencore did not have any contractual rights to designate Mr. Michelmore for nomination, our Governance and Nominating Committee considered Glencore’s input as our largest stockholder and following review of Mr. Michelmore’s credentials, determined that Mr. Michelmore would add valuable expertise to the Board in the metals and mining industry by virtue of his experience as Chief Executive Officer of Minerals and Metals Group and previous experience as Chief Executive Officer of Zinifex, Oz Minerals, EN+ Group and WMC Resources.  Following such review, Mr. Michelmore was nominated for election pursuant to the terms of the 2010 Support Agreement.  Mr. Michelmore also adds valuable engineering and international business experience to the Board by virtue of his positions as a Fellow of the Institution of Chemical Engineers, the Institution of Engineers Australia and the Australian Academy of Technological Sciences and Engineering and a member of the Minerals Council of Australia and the Business Council of Australia.  In addition, as an Australian citizen and having lived and worked in a number of different countries, Mr. Michelmore provides international diversity and perspective to the Board. |   | 2010                  |

|  Name        |   |  Age |   |  Business Experience and Principal Occupation orEmployment During Past 5 Years; Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |  Director Since |
|-------------------|--------|-----------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|
| Andrew J. Caplan  |   | 42        |   | Manager of the Bauxite and Alumina Department of Glencore International AG since 2007.  Director of various Glencore-controlled entities and the International Aluminum Institute. Mr. Caplan was appointed to our Board of Directors by Glencore in accordance with a support agreement, dated April 5, 2011 (the "2011 Support Agreement").  Under the 2011 Support Agreement, following Steven Blumgart’s resignation from the Board in March 2012, Glencore was entitled to designate a director, reasonably acceptable to Century, for appointment to the Board to replace Mr. Blumgart until the 2013 Annual Meeting.  Prior to Mr. Caplans’s appointment, our Governance and Nominating Committee considered Glencore’s input as our largest stockholder and following review of Mr. Caplan’s credentials, determined that Mr. Caplan would add valuable expertise in the metals and mining industry by virtue of his experience as the Manager of Bauxite and Alumina at Glencore.  As Glencore’s Manager of Bauxite and Alumina, Mr. Caplan provides extensive knowledge of a key component in the primary aluminum reduction process.  |   | 2012                 |
| Steven Kalmin     |   | 41        |   | Chief Financial Officer of Glencore International AG since July 2005.  Director of various Glencore-controlled entities. Mr. Kalmin was designated for election to our Board of Directors by Glencore in accordance with the 2011 Support Agreement.  Mr. Kalmin has extensive financial expertise by virtue of his experience as Chief Financial Officer of Glencore.  In addition, as an Australian citizen and a resident of Switzerland, Mr. Kalmin provides international perspective and diversity to the Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 2011            |
| Terence Wilkinson |   | 66        |   | Our Chairman of the Board since June 2011; Director of Eurasian Natural Resources Corporation Plc since December 2011; Director of Triland Metals Ltd. since 1998; Chief Executive Officer of Ridge Mining Plc from November 2000 to August 2009; Director of Angara Mining Plc from June 2008 to August 2009; Chief Executive Officer of Lonrho South Africa Limited from 1985 to 1996; Director and Chief Operating Officer of Lonmin Plc from 1997 to1999; Director of Lamensdorf Group from March 2002 to 2003. Mr. Wilkinson was designated for nomination to our Board of Directors by Glencore in accordance with the 2011 Support Agreement.  Mr. Wilkinson has valuable metals and mining experience by virtue of the many leadership positions he has held in the metals and mining industry, including as CEO of Ridge Mining Plc, CEO of the Lonrho Group’s South African division and Director and Chief Operating Officer of Lonmin Plc.  In addition, as a dual South African and British citizen, Mr. Wilkinson provides international perspective and diversity to the Board.                                                                                                    |   | 2011                 |

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| Name                    |   | Age |   | Position and Duration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-------------------------|--------|-----|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Michael A. Bless        |   | 46  |   | President and Chief Executive Officer since February 2012.  Acting President and Chief Executive Officer from November 2011 to February 2012.  Executive Vice President and Chief Financial Officer from January 2006 to October 2011.                                                                                                                                                                                                                                                                                            |
| William J. Leatherberry |   | 41  |   | Executive Vice President, Chief Legal Officer, General Counsel and Secretary since January 2010.  Senior Vice President, General Counsel and Assistant Secretary from April 2009 to December 2009.  Vice President, Assistant General Counsel and Assistant Secretary from January 2008 to March 2009.  Assistant General Counsel and Assistant Secretary from July 2007 to December 2007, Corporate Counsel and Assistant Secretary from May 2007 to June 2007 and Corporate Counsel from January 2005 to April 2007.  |
| Steve Schneider         |   | 57  |   | Senior Vice President, Chief Accounting Officer and Controller since June 2006, Vice President and Corporate Controller from April 2002 through May 2006.                                                                                                                                                                                                                                                                                                                                                                                             |
| Michelle M. Harrison    |   | 36  |   | Vice President and Treasurer since February 2007, Treasurer since June 2006, Assistant Treasurer from November 2005 to June 2006, Corporate Financial Analyst from May 2000 to October 2005.                                                                                                                                                                                                                                                                                                                                                          |
| John E. Hoerner         |   | 55  |   | Vice President – North America Operations since September 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| David Kjos              |   | 59  |   | Vice President of Major Projects, Technology & Sustainability since October 2011. Vice President Operations – Iceland since June 2007.                                                                                                                                                                                                                                                                                                                                                                                                           |

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| Name                    |   | Audit          |   | Compensation   |   | Governance & Nominating |   | Health, Safety & Sustainability |
|-------------------------|--------|----------------|--------|----------------|--------|-----------------------------|--------|-------------------------------------|
| Jarl Berntzen           |   | X              |   |           |   |                        |   |   X*                      |
| John C. Fontaine        |   |           |   |           |   | X                           |   |                                |
| Daniel Goldberg         |   |           |   | X              |   | X                           |   |                                |
| Peter C. Jones          |   |           |   |           |   |   X*              |   | X                                   |
| Andrew Michelmore       |   |           |   |   X* |   |                        |   | X                                   |
| John P. O’Brien   |   |   X* |   |           |   |                        |   |                                |
| Terence Wilkinson       |   | X              |   | X              |   |                        |   |                                |
|  * Committee Chair |   |           |   |           |   |                        |   |                                |

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|   | The Audit Committee, among other things: |
|--------|------------------------------------------|

| ● | oversees the financial reporting process for which management is responsible;                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | appoints and oversees the engagement of the independent auditors for audit and non-audit services;                                                                 |
| ● | monitors the independence of the independent auditors;                                                                                                             |
| ● | reviews and approves all audit and non-audit services and fees;                                                                                                    |
| ● | reviews the scope and results of the audit with the independent auditors;                                                                                          |
| ● | reviews the scope and results of internal audit procedures with our internal auditors;                                                                             |
| ● | evaluates and discusses with the independent auditors and management the effectiveness of our system of internal accounting controls and assessment of fraud risk; |
| ● | appoints and oversees the engagement of the Company’s internal audit function, including internal audit plan and results;                                    |
| ● | reviews current and pending material litigation with management;                                                                                                   |
| ● | conducts or directs investigations of any allegations of material violations of securities laws, fiduciary duties or similar allegations;                          |
| ● | reviews and oversees the Company’s risk management assessment and procedures;                                                                                |
| ● | reviews and approves related party transactions pursuant to our Statement of Company Policy Regarding Related Party Transactions; and                              |
| ● | makes inquiries into other matters within the scope of its duties.                                                                                                 |

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| ● | evaluating the size and composition of the Board;                                                          |
|---------|------------------------------------------------------------------------------------------------------------|
| ● | identifying, recruiting and recommending candidates for election to the Board and its committees;          |
| ● | overseeing corporate governance matters; and                                                               |
| ● | reviewing and making periodic recommendations concerning our corporate governance policies and procedures. |

| ● | significant business or public company experience;                                                                                                                                                       |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | a willingness and ability to make a sufficient time commitment to Century’s affairs to perform effectively the duties of a director, including regular attendance at Board and committee meetings; |
| ● | skills in finance, international business and knowledge about Century’s business or industries;                                                                                                    |
| ● | personal qualities of leadership, character, judgment and integrity; and                                                                                                                                 |
| ● | requirements relating to composition of the Board under applicable law and listing standards.                                                                                                            |

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| Director (a)          |   | Fees Earned or Paid in Cash ($) (b) |    | Stock Awards ($) (c) |   | Total ($) |
|-----------------------|--------|-------------------------------------|---------|----------------------|--------|-----------|
| Jarl Berntzen         |   |                                | 107,500 |                 |   |      | 65,280 |   |   |   | 172,780 |   |
| Steven Blumgart       |   |                                | – |                 |   |      | – |   |   |   | – |   |
| Robert Fishman        |   |                                | 49,000  |                 |   |      | – |   |   |   | 49,000 |   |
| John C. Fontaine      |   |                                | 99,000  |                 |   |      | 65,280 |   |   |   | 164,280 |   |
| Ivan Glasenberg       |   |                                | – |                 |   |      | – |   |   |   | – |   |
| Daniel Goldberg       |   |                                | – |                 |   |      | – |   |   |   | – |   |
| Peter C. Jones        |   |                                | 108,500 |                 |   |      | 65,280 |   |   |   | 173,780 |   |
| Steven Kalmin         |   |                                | – |                 |   |      | – |   |   |   | – |   |
| Catherine Manning     |   |                                | 47,500  |                 |   |      | – |   |   |   | 47,500 |   |
| Andrew Michelmore     |   |                                | 86,000  |                 |   |      | 65,280 |   |   |   | 151,280 |   |
| John P. O’Brien |   |                                | 136,500 |                 |   |      | 65,280 |   |   |   | 201,780 |   |
| Willy R. Strothotte   |   |                                | – |                 |   |      | – |   |   |   | – |   |
| Jack Thompson         |   |                                | 61,000  |                 |   |      | – |   |   |   | 61,000 |   |
| Terence Wilkinson     |   |                                |    | 81,000               |   |      |   | 79,580 |   |   |   | 160,580 |   |

| (a) | Represents all non-employee continuing directors that served on the Board during 2011.  Mr. Kruger did not receive additional compensation for serving as a Board member in 2011.                                                                                                                                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents retainer and meeting fees paid to each non-employee director during 2011 (other than Messrs. Blumgart, Glasenberg, Goldberg, Kalmin and Strothotte, who waived their right to receive compensation).                                                                                                                                                                                                   |
| (c) | Represents the June 8, 2011 grant date fair value of stock awarded to Board members (other than Messrs. Blumgart, Goldberg, Kalmin and Strothotte who waived their right to receive compensation), calculated in accordance with ASC 718 Compensation – Stock Compensation.  Additionally, upon becoming a director, Mr. Wilkinson received a one-time initial award of 1,000 performance shares. |

| Name                  |   | Number of Options Outstanding as of 12/31/2011(a) |    | Number of Stock Awards Outstanding as of 12/31/2011(b) |
|-----------------------|--------|---------------------------------------------------|---------|--------------------------------------------------------|
| Jarl Berntzen         |   |                                              | 16,000  |                                                   |   |   | 4,565 |   |
| Steven Blumgart       |   |                                              | – |                                                   |   |   | – |   |
| John C. Fontaine      |   |                                              | 17,000  |                                                   |   |   | 11,297 |   |
| Daniel Goldberg       |   |                                              | – |                                                   |   |   | – |   |
| Peter C. Jones        |   |                                              | 13,000  |                                                   |   |   | 18,398 |   |
| Steven Kalmin         |   |                                              | – |                                                   |   |   | – |   |
| Andrew Michelmore     |   |                                              | – |                                                   |   |   | 5,065 |   |
| John P. O’Brien |   |                                              | 14,000  |                                                   |   |   | 25,130 |   |
| Willy R. Strothotte   |   |                                              | – | (c)                                                    |   |   | – |   |
| Terence Wilkinson     |   |                                              |    | –                                                |   |   |   | 5,565 |   |

| (a) | All options were fully vested as of 12/31/2011.                                                                                     |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents time-vested performance shares held by the named director that have not yet vested or for which settlement has been deferred. |
| (c) | Excludes options to acquire 17,000 shares of our common stock held in Mr. Strothotte's name for Glencore.                                |

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Item 11. Executive Compensation.

| ● | Managed and reviewed compensation practices following the resignation of Mr. Wayne Hale, the Company’s former Chief Operating Officer, in May 2011 and Mr. Logan Kruger, the Company’s former Chief Executive Officer, in November 2011, as well as the impact of the election of three directors designated by Glencore to our Board of Directors in June 2011; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | Amended the peer group reviewed by the Company when evaluating compensation in order to better align the peer group with the Company’s size, revenues, operations and industry;                                                                                                                                                                                        |
| ● | Set performance goals for the Company’s Annual Incentive Plan and Long-term Incentive Plan and set award opportunities for the named executive officers;                                                                                                                                                                                                               |
| ● | Provided incentives for management to reduce costs and preserve strategic investment opportunities;                                                                                                                                                                                                                                                                          |
| ● | Increased stock ownership requirements for our nonemployee independent directors in order to further align compensation with the interests of our stockholders; and                                                                                                                                                                                                          |
| ● | Established a compensation plan for Mr. Bless following his appointment as Acting President and Chief Executive Officer in November 2011 and President and Chief Executive Officer in February 2012.                                                                                                                                                                         |

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| Company                                |   | Traditional Peer Group |   | Alternative Peer Group |
|----------------------------------------|--------|------------------------|--------|------------------------|
| AK Steel Holdings                      |   | Included               |   |                   |
| Allegheny Technologies                 |   | Included               |   |                   |
| AM Castle & Co.                    |   |                   |   | Included               |
| Arch Chemicals                         |   | Included               |   | Included               |
| Buckeye Technologies Inc.              |   |                   |   | Included               |
| Carpenter Technology Corp              |   | Included               |   | Included               |
| Commercial Metals Company              |   | Included               |   |                   |
| Compass Minerals International Inc.    |   | Included               |   |                   |
| Eagle Materials Inc.                   |   |                   |   | Included               |
| Genesee & Wyoming Inc.             |   |                   |   | Included               |
| Gibraltar Industries Inc.              |   | Included               |   | Included               |
| Kaiser Aluminum Corp.                  |   | Included               |   | Included               |
| Koppers Holdings Inc.                  |   |                   |   | Included               |
| Martin Marietta Materials Inc.         |   | Included               |   | Included               |
| Minerals Technologies Inc.             |   |                   |   | Included               |
| Noranda Aluminum Holding Corp.         |   | Included               |   | Included               |
| Reliance Steel & Aluminum Co. |   | Included               |   |                   |
| Schnitzer Steel Industries Inc.        |   | Included               |   | Included               |
| Steel Dynamics Inc.                    |   | Included               |   |                   |
| Stillwater Mining Co.                  |   |                   |   | Included               |
| Texas Industries Inc.                  |   |                   |   | Included               |
| The Timken Company                     |   | Included               |   |                   |
| Vulcan Materials Company               |   | Included               |   | Included               |
| Worthington Industries                 |   | Included               |   | Included               |

| ● | working with the Committee in its decisions regarding the approval of all general compensation plans and policies, including pension, savings, incentive and equity-based plans; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | reviewing and determining the respective corporate and individual goals and objectives for the other named executive officers relevant to their compensation;                    |
| ● | providing the Committee an evaluation of the performance of the other named executive officers in light of their respective corporate and individual goals and objectives; and   |
| ● | recommending to the Committee the compensation levels of the other named executive officers.                                                                                     |

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| ● | Base salary: Base salary is determined by our philosophy, the position (skills, duties, responsibilities, etc.), market pay levels and trends, individual performance and prior salary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | Annual incentive awards: Variable compensation is payable in cash (or at the discretion of the Committee, shares or stock options) following the fiscal year the pay is earned; payment is based on the Committee’s review of achievement of pre-set performance goals and a portion of the incentive is generally dependent on a subjective review of individual performance and contributions to our overall strategic successes.  The Committee retains the discretion to wholly disregard or modify any or all pre-set operating goals as it deems appropriate.                                                                                                                                                                                            |
| ● | Long-term incentives: Variable compensation based on sustained performance success; historically based on the Committee’s assessment of operating performance and strategic achievements and settled in cash, time-vested performance units and stock options.  The 2011 long-term incentives include the long-term transformational incentive plan that was designed to incentivize management to reduce costs in domestic operations and preserve the Company’s Helguvik smelter development options.  Awards under the long-term transformational incentive plan are settled in cash, or, at the discretion of the Committee, shares of Company stock.  2011 was the final year of the long-term transformational incentive plan. |
| ● | Retirement benefits: Tax qualified defined benefit and defined contribution plans apply to salaried employees of our U.S. companies who meet eligibility requirements.  In addition, our nonqualified defined benefit plan provides a select group of participants with benefits above the level permitted under a qualified plan.                                                                                                                                                                                                                                                                                                                                                                                                                              |

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|  Operating Result |   |  Description                                                                                                                                                                                                                |   | Percentage of Aggregate Award if Target Achieved                                 |   |  Targets                                                                                                                                                                                                                                                                                                                                                                                                                     |
|------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Conversion cost        |   | The cost of converting alumina into aluminum is a key factor in the profitability of our business.  This performance target is intended to incentivize management to meet specific conversion cost targets.            |   | 30%                                                               |   | We consider the conversion cost targets to be confidential, and disclosure of those targets would cause competitive harm to Century. For example, our competitors may be able to use this data to predict our pricing strategies or our ability to match certain prices.  The Committee set conversion cost targets that it believed to be challenging but reasonably attainable.                                  |
| Metal Production       |   | The amount of metal produced by our operating smelters is a key factor in the profitability of our business.   This performance target is intended to incentivize management to meet specific production targets. |   | 30%                                                                              |   | We consider the metal production targets to be confidential, and disclosure of those targets would cause competitive harm to Century. Because aluminum is a global commodity, our competitors may be able to use production targets to predict our pricing strategies or our ability to match certain prices.  The Committee set production targets that it believed to be challenging but reasonably attainable.  |
| Safety                 |   | Improving the safety of our workplaces has long been a goal of Century and we have accordingly provided incentives to management for improving our safety statistics.                                                            |   | 14%(12% for the Grundartangi/ Hawesville target and 2% for the Helguvik target.) |   | The 2011 safety target was to achieve a weighted average (based on total headcount) total recordable case incidence rate of (i) 2.10 at our Grundartangi facility, (ii) 2.50 at our Hawesville facility and (ii) 1.45 at our Helguvik project.                                                                                                                                                                                    |

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| ● | Creation of future value and strategic investments; and                                                      |
|---------|--------------------------------------------------------------------------------------------------------------|
| ● | Discretionary/Individual: recognize individual contributions to operating, financial, and strategic success. |

| Name             |   | Target Non-Equity Incentive Compensation Paid pursuant to the 2011 Annual Incentive Plan |    | Actual Non-Equity Incentive Compensation Paid pursuant to the 2011 Annual Incentive Plan |
|------------------|--------|------------------------------------------------------------------------------------------|---------|------------------------------------------------------------------------------------------|
| Mr. Bless        |   | $                                                                                        | 310,000 |                                                                                     |   | $ | 332,640 |   |
| Mr. Leatherberry |   | $                                                                                        | 262,000 |                                                                                     |   | $ | 277,200 |   |
| Mr. Schneider    |   | $                                                                                        | 156,000 |                                                                                     |   | $ | 167,585 |   |
| Mrs. Harrison    |   | $                                                                                        | 104,000 |                                                                                     |   | $ | 112,365 |   |

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| ● | A total target award pool of $8 million, comprised of:                                                                                                               |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    | ▪                                                                                                                                                              | a maximum $4 million U.S. Bonus Pool based on the Committee’s assessment of the achievement of certain reduced costs associated with restructuring domestic operations.  Due to the more urgent aspect of these activities, payment opportunities were designed to be frontloaded and were achieved in their entirety in 2009; and |
|    | ▪                                                                                                                                                              | a $4 million Iceland Bonus Pool based on the Committee’s subjective evaluation of the achievement of preservation and enhancement of the Helguvik smelter development options during the transitional period. Payment opportunities with respect to the Iceland Bonus Pool were intended to be spread more evenly over the three year period with slightly higher payments possible in year two; |
| ● | the entire $8 million pool was intended to be paid in cash, but could be paid partially or entirely in shares, options and cash at the Committee’s discretion; |
| ● | the bonus pools were paid out in three annual installments in 2010, 2011, and 2012; and                                                                              |
| ● | all named executive officers and select other executives that participated in the LTTIP did not participate in the cash portion of the 2009-2010 LTIP.               |

| Name                                                                                               |   | Targeted U.S. Bonus Pool Payout in 2011 |   | Targeted Iceland Bonus Pool Payout in 2011 |
|----------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------------------------------------------|
| Mr. Bless                                                                                          |   | 1.7%                                    |   | 3.6%                                       |
| Mr. Leatherberry                                                                                   |   | 1.7%                                    |   | 3.6%                                       |
| Mr. Schneider                                                                                      |   | 0.5%                                    |   | 1.8%                                       |
| Mrs. Harrison                                                                                      |   | 0.9%                                    |   | 1.8%                                       |
| *All percentages set forth above are percentages of the 2009-2011 aggregate applicable bonus pool. |

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| ● | securing power, transmission and other required contractual commitments;                                                                                      |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | exploration of strategic restructuring and other development opportunities;                                                                                   |
| ● | safety; and                                                                                                                                                   |
| ● | maintaining engineering and construction activities to preserve the option to develop this project, including reengineering the project into multiple phases. |

| Name             |   | Target 2011 Bonus Under U.S. Bonus Pool |   | Actual 2011 Bonus Under U.S. Bonus Pool |   | Target 2011 Bonus Under Iceland Bonus Pool |   | Actual 2011 Bonus Under Iceland Bonus Pool |   | Total 2011 Bonus Under LTTIP |
|------------------|--------|-----------------------------------------|--------|-----------------------------------------|--------|--------------------------------------------|--------|-------------------------------------------------|--------|------------------------------|
| Mr. Bless        |   | $                                       | 68,000 |                                    |   | $                                          | 68,000 |                                            |   | $                            | 144,000 |   |   | $ | 144,000 |   |   | $ | 212,000 |   |
| Mr. Leatherberry |   | $                                       | 68,000 |                                    |   | $                                          | 68,000 |                                            |   | $                            | 144,000 |   |   | $ | 144,000 |   |   | $ | 212,000 |   |
| Mr. Schneider    |   | $                                       | 20,000 |                                    |   | $                                          | 20,000 |                                            |   | $                            | 72,000 |   |   | $ | 72,000 |   |   | $ | 92,000 |   |
| Mrs. Harrison    |   | $                                       | 36,000 |                                    |   | $                                          | 36,000 |                                            |   | $                            | 72,000 |   |   | $ | 72,000 |   |   | $ | 108,000 |   |

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| Category                           |   | Share Guideline |
|------------------------------------|--------|-----------------|
| Chief Executive Officer            |   | 150,000         |   |
| Executive Vice Presidents          |   | 48,000          |   |
| Senior Vice Presidents             |   | 18,000          |   |
| Vice Presidents                    |   | 6,000           |   |
| Nonemployee, Independent Directors |   | 20,000          |   |

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|  Daniel Goldberg |  Andrew Michelmore (Chair) |  Terence Wilkinson |
|-----------------------|---------------------------------|-------------------------|

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| Name and Principal Position                                                  |   | Year   |   | Salary($) |    | Bonus($)(a) |   | Stock Awards ($)(b) |    | Option Awards ($)(c) |   | Non-Equity Incentive Plan Compensation($)(d) |    | Change in Pension Value and Deferred Compensation($)(e) |   | All Other Compen-sation($)(f) |    | Total($) |
|------------------------------------------------------------------------------|--------|--------|--------|-----------|---------|-------------|--------|---------------------|---------|----------------------|--------|----------------------------------------------|---------|---------------------------------------------------------|--------|-------------------------------|---------|----------|
| Michael A. Bless                                                             |   | 2011   |   |      | 471,645 |        |   |                | – |                 |   |                                         | 173,902 |                                                    |   |                          | – |     |   |   | 544,640 |   |   |   | 240,962 |   |   |   | 765 |   |   |   |   | 1,431,914 |   |
| President and Chief Executive Officer                                        |   | 2010   |   |      | 432,000 |        |   |                | – |                 |   |                                         | 175,426 |                                                    |   |                          | – |     |   |   | 841,216 |   |   |   | 93,382 |   |   |   | 765 |   |   |   |   | 1,542,789 |   |
|                                                                         | 2009   |   |   | 422,000   |    |        |   | –             |    |                 |   | 206,279                                      |    |                                                    |   | 137,406                       |    |     |   | 773,000 |   |   |   | 82,875 |   |   |   | 915 |   |   |   |   | 1,622,475 |   |
|                                                                         |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| William J. Leatherberry                                                      |   | 2011   |   |      | 374,000 |        |   |                | – |                 |   |                                         | 146,817 |                                                    |   |                          | – |     |   |   | 489,200 |   |   |   | 215,492 |   |   |   | 13,430 |  (h) |   |   |   | 1,238,939 |   |
| Executive Vice President, Chief Legal Officer, General Counsel and Secretary |   | 2010   |   |      | 360,000 |        |   |                | – |                 |   |                                         | 146,213 |                                                    |   |                          | – |     |   |   | 845,375 |   |   |   | 68,613 |   |   |   | 1,180 |   |   |   |   | 1,421,381 |   |
|                                                                         | 2009   |   |   | 287,500   |    |        |   | –             |    |                 |   | 181,428                                      |    |                                                    |   | 100,937                       |    |     |   | 653,000 |   |   |   | 47,883 |   |   |   | 1,220 |   |   |   |   | 1,271,968 |   |
|                                                                         |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Steve Schneider                                                              |   | 2011   |   |      | 283,000 |        |   |                | – |                 |   |                                         | 88,872  |                                                    |   |                          | – |     |   |   | 259,585 |   |   |   | 276,200 |   |   |   | 16,110 |  (h) |   |   |   | 923,767 |   |
| Senior Vice President, Chief Accounting Officer and Controller               |   | 2010   |   |      | 277,000 |        |   |                | – |                 |   |                                         | 89,988  |                                                    |   |                          | – |     |   |   | 361,299 |   |   |   | 158,936 |   |   |   | 3,860 |   |   |   |   | 891,083 |   |
|                                                                         | 2009   |   |   | 272,000   |    |        |   | –             |    |                 |   | 132,958                                      |    |                                                    |   | 88,564                        |    |     |   | 334,000 |   |   |   | 250,000 |   |   |   | 4,010 |   |   |   |   | 1,081,532 |   |
|                                                                         |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michelle Harrison                                                            |   | 2011   |   |      | 234,000 |        |   |                | – |                 |   |                                         | 55,119  |                                                    |   |                          | – |     |   |   | 220,365 |   |   |   | 143,243 |   |   |   | 13,305 |  (h) |   |   |   | 666,032 |   |
| Vice President and Treasurer                                                 |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Logan W. Kruger(j)                                                           |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Former President and Chief Executive Officer                                 |   | 2011   |   |      | 783,463 |        |   |                | – |                 |   |                                         | 829,125 |                                                    |   |                          | – |     |   |   | – |   |   |   | 2,850,979 |   |   |   | 49,508 |  (i) |   |   |   | 4,513,075 |   |
|                                                                         | 2010   |   |   | 875,000   |    |        |   | –             |    |                 |   | 473,577                                      |    |                                                    |   | –                       |    |     |   | 1,843,239 |   |   |   | 1,662,337 |   |   |   | 2,835 |   |   |   |   | 4,856,988 |   |
|                                                                         | 2009   |   |   | 855,000   |    |        |   | –             |    |                 |   | 557,241                                      |    |                                                    |   | 371,187                       |    |     |   | 1,477,400 |   |   |   | 939,982 |   |   |   | 2,985 |   |   |   |   | 4,203,795 |   |
|                                                                         |   |   |   |      |    |        |   |                |    |                 |   |                                         |    |                                                    |   |                          |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wayne R. Hale                                                                |   | 2011   |   |      | 178,306 |        |   |                | – |                 |   |                                         | 179,519 |                                                    |   |                          | – |     |   |   | 202,219 |   |   |   | 189,361 |   |   |   | 3,090,558 |  (g) |   |   |   | 3,839,963 |   |
| Former Executive Vice President and Chief Operating Officer                  |   | 2010   |   |      | 482,000 |        |   |                | – |                 |   |                                         | 208,750 |                                                    |   |                          | – |     |   |   | 868,935 |   |   |   | 86,025 |   |   |   | 3,355 |   |   |   |   | 1,649,065 |   |
|                                                                         | 2009   |   |   | 472,000   |    |        |   | –             |    |                 |   | 307,621                                      |    |                                                    |   | 204,915                       |    |     |   | 811,000 |   |   |   | 71,217 |   |   |   | 3,505 |   |   |   |   | 1,870,258 |   |

| (a) | There were no discretionary bonuses paid to the named executive officers in 2011.                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents the grant date fair value of stock awards granted to the named executive officer in the respective fiscal year, calculated in accordance with ASC 718 Compensation – Stock Compensation, for awards granted pursuant to the 1996 Plan.                                                       |
| (c) | Represents the grant date fair value of stock options granted to the named executive officer in the respective fiscal year, calculated in accordance with ASC 718 Compensation – Stock Compensation, for awards granted pursuant to the 1996 Plan.                                                      |
| (d) | Represents the fair value of amounts earned by the named executive officer under the 2011 AIP and the 2009-2011 LTTIP.                                                                                                                                                                                   |
| (e) | Represents the change in the actuarial present value of accumulated retirement benefits.  Decreased interest rates, which are used to discount future payments under the pension plans, and changes in mortality assumptions significantly increased the present value of pension benefits in 2011. |
| (f) | Includes term life insurance, 401(k) match, Company paid life insurance, housing/relocation and related tax gross-up, as applicable.                                                                                                                                                                          |
| (g) | Includes $12,250 for 401(k) match, $811,280 in consulting fees earned following his resignation from the Company and $2,255,192 incurred for severance pay upon resignation.                                                                                                                                  |
| (h) | Includes 401(k) match of $12,250.                                                                                                                                                                                                                                                                             |
| (i) | Includes $34,423 for unused vacation upon resignation and 401(k) match of $12,250.                                                                                                                                                                                                                            |
| (j) | All or a portion of the non-salary compensation disclosed as earned by Mr. Kruger for years 2009-2011 may be subject to recoupment by the Company.  The Company's claim for recoupmant of that compensation is currently the subject of litigation between the Company and Mr. Kruger.                   |

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|  Name              |   |  Grant Date |   |   Estimated Future Payouts Under Non-Equity Incentive Plan Awards |    |  All Other Stock Awards: Number of Shares of Stock (c) |   |  All Other Option Awards: Number of Securities Underlying Options |    |  Exercise or Base Price of Option Awards |   |  Grant Date Fair Value of Stock and Option Award($)(d) |
|-------------------------|--------|------------------|--------|------------------------------------------------------------------------|---------|------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|---------|-----------------------------------------------|--------|-------------------------------------------------------------|
|                    |   | Threshold        |   | Target($)(a)                                                           |    | Maximum($)(b)                                                    |   |                                                                        |    |                                          |
| Michael A. Bless        |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 166,125 |                                          |   |                                                        | 332,250 |   |   |   | 10,093 |   |   |   | – |   |   |   | – |   |   |   | 173,902 |   |
| William J. Leatherberry |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 140,250 |                                          |   |                                                        | 280,500 |   |   |   | 8,521 |   |   |   | – |   |   |   | – |   |   |   | 146,817 |   |
| Steve Schneider         |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 84,900  |                                          |   |                                                        | 169,800 |   |   |   | 5,158 |   |   |   | – |   |   |   | – |   |   |   | 88,872 |   |
| Michelle Harrison       |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 52,650  |                                          |   |                                                        | 105,300 |   |   |   | 3,199 |   |   |   | – |   |   |   | – |   |   |   | 55,119 |   |
| Logan W. Kruger         |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 792,075 |                                          |   |                                                        | 1,584,150 |   |   |   | 48,121 |   |   |   | – |   |   |   | – |   |   |   | 829,125 |   |
| Wayne R. Hale           |   | March 22, 2011   |   |                                                                   | – |                                                             |   |                                                                        | 171,500 |                                          |   |                                                        | 343,000 |   |   |   | 10,419 |   |   |   | – |   |   |   | – |   |   |   | 179,519 |   |

| (a) | Represents the target potential cash payment under the 2011-2013 Long Term Incentive Plan.  Awards will be paid in 2014 after consideration by the Compensation Committee.                  |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents the maximum potential cash payment under the 2011-2013 Long Term Incentive Plan.  Awards will be paid in 2014 after consideration by the Compensation Committee.                 |
| (c) | Represents the number of time-vested performance share units granted to the named executive officer under the 2011-2013 Long Term Incentive Plan.  Awards will settle on December 31, 2013. |
| (d) | The values represent the grant date fair value of the stock and option awards determined in accordance with ASC 718 Compensation – Stock Compensation.                                          |

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|   Name                                                               |   |  Option Awards                                                          |   | Stock Awards (d)                                                                                                 |
|---------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|
|  Number of Securities Underlying Unexercised Options (#) Exercisable |   |   Number of Securities Underlying Unexercised Options (#) Unexercisable |   |   Equity Incentive Plan Awards:  Number of Securities Underlying Unexercised Unearned Options (#) |   |   Option Exercise Price ($) |   | Option Expiration Date |   |   Number of Shares or Units of Stock that Have Not Vested (#) |   | Market Value of Shares or Units of Stock That Have Not Vested ($) (c) |
| Michael A. Bless                                                          |   | 30,000                                                                       |   |                                                                                                             | – |   |   | – |   |   | 29.92 |   |   | Jan. 23, 2016 |   | 11,950(a) |   |   |  101,695 |   |
|                                                                      |   | 27,618                                                                       |   |                                                                                                             | – |   |   | – |   |   | 6.55 |   |   | May 4, 2019 |   | 10,093(b) |   |   |  85,891 |   |
|                                                                      |   |                                                                         |   |                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| William J. Leatherberry                                                   |   | 5,000                                                                        |   |                                                                                                             | – |   |   | – |   |   | 64.39 |   |   | Feb. 22, 2018 |   | 9,960(a) |   |   |  84,760 |   |
|                                                                      |   |   20,288                                                                |   |                                                                                                             | – |   |   | – |   |   | 6.55 |   |   | May 4, 2019 |   | 8,521(b) |   |   |  72,514 |   |
|                                                                      |   |                                                                         |   |                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Steve Schneider                                                           |   | 17,801                                                                       |   |                                                                                                             | – |   |   | – |   |   | 6.55 |   |   | May 4, 2019 |   | 6,130(a) |   |   |  52,166 |   |
|                                                                      |   |                                                                         |   |                                                                                                             |   |   |   |   |   |   |   |   |   |   |   | 5,158(b) |   |   |   43,895 |   |
|                                                                      |   |                                                                         |   |                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michelle Harrison                                                    |   | 3,600                                                                        |   |                                                                                                             | – |   |   | – |   |   | 24.70 |   |   | Dec. 8. 2015 |   | 3,770(a) |   |   |  32,083 |   |
|                                                                      |   | 5,000                                                                        |   |                                                                                                             | – |   |   | – |   |   | 37.31 |   |   | June 9, 2016 |   | 3,199(b) |   |   |  27,223 |   |
|                                                                      |   | 14,398                                                                       |   |                                                                                                             | – |   |   | – |   |   | 6.55 |   |   | May 4, 2019 |   |   |   |   |   |   |

| (a) | Represents the number of time-vested performance share units granted under the 2010-2012 Long-Term Incentive Plan.                                               |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents the number of time-vested performance share units granted under the 2011-2013 Long-Term Incentive Plan.                                               |
| (c) | Based on the closing market price for share of our common stock of $8.51 on December 30, 2011, the last trading day for the fiscal year ended December 31, 2011. |
| (d) | See “Deferred Compensation” below.                                                                                                                   |

|                    |   | Stock Awards                                |
|-------------------------|--------|---------------------------------------------|
| Name                    |   | Number of Shares Acquired on Vesting (#)(a) |   | Value Realized on Vesting ($) |
| Michael A. Bless        |   |                                        | 31,493 |   |   |   | 489,086 |   |
| William J. Leatherberry |   |                                        | 23,134 |   |   |   | 359,271 |   |
| Steve Schneider         |   |                                        | 20,299 |   |   |   | 315,243 |   |
| Michelle Harrison       |   |                                        | 16,418 |   |   |   | 254,972 |   |
| Logan W. Kruger         |   |                                        | 85,075 |   |   |   | 1,321,215 |   |
| Wayne R. Hale           |   |                                        |   | 46,965 |   |   |   | 729,366 |   |

| (a) | Includes shares received pursuant to the Long-Term Incentive Program for the 2009-2010 Performance Program Period by each named executive officer on January 1, 2011.  Does not include any shares that may have vested, but for which settlement was deferred.  See “Deferred Compensation” below. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                    |   | Registrant Contributions in Last FY ($)(a) |    | Aggregate Balance at Last FYE ($) |
|-------------------------|--------|--------------------------------------------|---------|-----------------------------------|
| Michael A. Bless        |   |                                       | 515,711 | (b)                               |   |   | 515,711 |   |
| William J. Leatherberry |   |                                       | 432,523 | (c)                               |   |   | 432,523 |   |
| Steve Schneider         |   |                                       | 264,061 | (d)                               |   |   | 264,061 |   |
| Michelle Harrison       |   |                                       |    | 163,056                           | (e) |   |   | 163,056 |   |

| (a) | Based on the closing market price for shares of our common stock of $8.51 on December 30, 2011, the last trading day for the fiscal year ended December 31, 2011.                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents the market value as of December 30, 2011 of 22,043 time-vested performance share units and 328,125 cash-settled performance units that have vested, but not yet settled under the 2010-2012 and 2011-2013 Long-Term Incentive Plans.  Absent a subsequent event, these performance units will settle on December 31, 2012 and December 31, 2013, respectively. |
| (c) | Represents the market value as of December 30, 2011 of 18,481 Time-vested performance share units and 275,250 cash-settled performance units that have vested, but not yet settled under the 2010-2012 and 2011-2013 Long-Term Incentive Plans.  Absent a subsequent event, these performance units will settle on December 31, 2012 and December 31, 2013, respectively. |
| (d) | Represents the market value as of December 30, 2011 of 11,288 Time-vested performance share units and 168,000 cash-settled performance units that have vested, but not yet settled under the 2010-2012 and 2011-2013 Long-Term Incentive Plans.  Absent a subsequent event, these performance units will settle on December 31, 2012 and December 31, 2013, respectively. |
| (e) | Represents the market value as of December 30, 2011 of 6,969 Time-vested performance share units and 103,750 cash-settled performance units that have vested, but not yet settled under the 2010-2012 and 2011-2013 Long-Term Incentive Plans.  Absent a subsequent event, these performance units will settle on December 31, 2012 and December 31, 2013, respectively.  |

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| Name                    |   | Plan Name                                          |   | Number of Years Credited Service |   | Present Value of Accumulated Benefit ($)(a) |
|-------------------------|--------|----------------------------------------------------|--------|----------------------------------|--------|---------------------------------------------|
| Michael A. Bless        |   | Non-Contributory Defined Pension Plan              |   |  5.92                       |   |                                        |   | 369,690 |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 157,084 |   |
|                    |   |                                               |   |                             |   |                                        |   |   |   |
| William J. Leatherberry |   | Non-Contributory Defined Pension Plan              |   |  7.00                       |   |                                        |   | 202,430 |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 171,780 |   |
|                    |   |                                               |   |                             |   |                                        |   |   |   |
| Steve Schneider         |   | Non-Contributory Defined Pension Plan              |   |  10.75                      |   |                                        |   | 851,849 |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 49,696 |   |
|                    |   |                                               |   |                             |   |                                        |   |   |   |
| Michelle Harrison       |   | Non-Contributory Defined Pension Plan              |   |  11.67                      |   |                                        |   | 260,783 |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 46,715 |   |
|                    |   |                                               |   |                             |   |                                        |   |   |   |
| Logan W. Kruger         |   | Non-Contributory Defined Pension Plan              |   |  5.92                       |   |                                        |   | 784,928 |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 8,285,578 | (b) |
|                    |   |                                               |   |                             |   |                                        |   |   |   |
| Wayne R. Hale           |   | Non-Contributory Defined Pension Plan              |   |  4.17                       |   |                                        |   | – |   |
|                    |   | Supplemental Retirement Income Benefit Plan (SERP) |   |                             |   |                                        |   | 745,504 |   |

| (a) | Represents the actuarial present value of accumulated retirement benefits using interest rate and mortality rate assumptions consistent with those used in the Company’s financial statements. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Includes Supplemental Retirement Income Benefit Plan and Enhanced Supplemental Retirement Income Benefit Plan.                                                                                       |

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|                          |   | Type of Termination |
|-------------------------------|--------|---------------------|
| Name                          |   | Voluntary           |   | By Company without Cause or by Officer with Good Reason |   | By Company with Cause |   | Retirement |   | Disability |   | Death |   | Following a Change in Control |
| Michael A. Bless              |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | – |   |
| Salary                        |   | $                   | – |   |   | $ | 1,338,000 |   |   | $ | – |   |   | $ | – |   |   | $ | 1,338,000 |   |   | $ | – |   |   | $ | 1,329,000 |   |
| Bonus                         |   |                | – |   |   |   | 975,380 |   |   |   | – |   |   |   | – |   |   |   | 975,380 |   |   |   | 310,100 |   |   |   | 1,380,000 |   |
| Qualified Retirement Benefits |   |                | 369,690 | (a) |   |   | 369,690 | (a) |   |   | 369,690 | (a) |   |   | 369,690 | (a) |   |   | 369,690 | (a) |   |   | 184,845 | (b) |   |   | 369,690 | (a) |
| SERP                          |   |                | 157,084 | (a) |   |   | 157,084 | (a) |   |   | 157,084 | (a) |   |   | 157,084 | (a) |   |   | 157,084 | (a) |   |   | 78,542 | (b) |   |   | 289,144 | (d) |
| Excise Tax Gross Up           |   |                | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 1,240,501 |   |
| Insurance Continuation        |   |                | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 61,008 |   |
| Total                         |   | $                   | 526,774 |   |   | $ | 2,840,154 |   |   | $ | 526,774 |   |   | $ | 526,774 |   |   | $ | 2,840,154 |   |   | $ | 573,487 |   |   | $ | 4,669,343 |   |
|                          |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| William J. Leatherberry       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salary                        |   | $                   | – |   |   | $ | 935,000 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 748,000 |   |
| Bonus                         |   |                | – |   |   |   | 916,300 |   |   |   | – |   |   |   | – |   |   |   | – | (c) |   |   | 261,800 |   |   |   | 1,191,600 |   |
| Qualified Retirement Benefits |   |                | 202,430 | (a) |   |   | 202,430 | (a) |   |   | 202,430 | (a) |   |   | 202,430 | (a) |   |   | 202,430 | (a) |   |   | 101,215 | (b) |   |   | 202,430 | (a) |
| SERP                          |   |                | 171,780 | (a) |   |   | 297,470 | (d) |   |   | 171,780 | (a) |   |   | 171,780 | (a) |   |   | 171,780 | (a) |   |   | 85,890 | (b) |   |   | 262,110 | (d) |
| Excise Tax Gross Up           |   |                | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 1,015,690 |   |
| Insurance Continuation   |   |                | – |   |   |   | 51,878 |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 41,502 |   |
| Total                         |   | $                   | 374,210 |   |   | $ | 2,403,078 |   |   | $ | 374,210 |   |   | $ | 374,210 |   |   | $ | 374,210 |   |   | $ | 448,905 |   |   | $ | 3,461,332 |   |
|                          |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Steve Schneider               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salary                        |   | $                   | – |   |   | $ | 283,000 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 566,000 |   |
| Bonus                         |   |                | – |   |   |   | 311,300 |   |   |   | – |   |   |   | – |   |   |   | – | (c) |   |   | – | (c) |   |   | 585,000 |   |
| Qualified Retirement Benefits |   |                | 851,849 | (a) |   |   | 851,849 | (a) |   |   | 851,849 | (a) |   |   | 851,849 | (a) |   |   | 851,849 | (a) |   |   | 425,925 | (b) |   |   | 851,849 | (a) |
| SERP                          |   |                | 49,696 | (a) |   |   | 83,872 | (d) |   |   | 49,696 | (a) |   |   | 49,696 | (a) |   |   | 49,696 | (a) |   |   | 24,848 | (b) |   |   | 191,771 | (d) |
| Excise Tax Gross Up           |   |                | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 889,900 |   |
| Insurance Continuation   |   |                | – |   |   |   | 23,431 |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 46,862 |   |
| Total                         |   | $                   | 901,545 |   |   | $ | 1,553,452 |   |   | $ | 901,545 |   |   | $ | 901,545 |   |   | $ | 901,545 |   |   | $ | 450,773 |   |   | $ | 3,131,382 |   |
|                          |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Michelle Harrison             |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salary                        |   | $                   | – |   |   | $ | 468,000 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | 468,000 |   |
| Bonus                         |   |                | – |   |   |   | 315,900 |   |   |   | – |   |   |   | – |   |   |   | – | (c) |   |   | – | (c) |   |   | 495,000 |   |
| Qualified Retirement Benefits |   |                | 260,783 | (a) |   |   | 260,783 | (a) |   |   | 260,783 | (a) |   |   | 260,783 | (a) |   |   | 260,783 | (a) |   |   | 130,392 | (b) |   |   | 260,783 | (a) |
| SERP                          |   |                | 46,715 | (a) |   |   | 60,666 | (d) |   |   | 46,715 | (a) |   |   | 46,715 | (a) |   |   | 46,715 | (a) |   |   | 23,358 | (b) |   |   | 96,586 | (d) |
| Excise Tax Gross Up           |   |                | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 517,182 |   |
| Insurance Continuation        |   |                | – |   |   |   | 41,252 |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | 41,252 |   |
| Total                         |   | $                   | 307,498 |   |   | $ | 1,146,601 |   |   | $ | 307,498 |   |   | $ | 307,498 |   |   | $ | 307,498 |   |   | $ | 153,750 |   |   | $ | 1,878,803 |   |
|                          |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Logan W. Kruger (e)           |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Qualified Retirement Benefits |   | $                   | 784,928 | (a) |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |
| SERP                          |   |                | 1,383,809 | (a) |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |
| SERP with Enhancement         |   |                | 6,901,769 | (a) |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |   |   | – |   |
| Total                         |   | $                   | 9,070,506 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |
|                          |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wayne R. Hale (f)             |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SERP                          |   | $                   | 745,404 | (a) |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |
| Total                         |   | $                   | 745,404 |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |   | $ | – |   |

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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (a)    | Amount shown will not be paid to the named executive as a lump sum.  Rather, the amount represents the actuarial calculated present value of benefits that will be received upon obtaining normal retirement age (62).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (b)    | Amount shown will not be paid to the named executive as a lump sum.  Rather, amount represents the actuarial calculated present value of benefits that will be paid to a surviving spouse as an annuity upon the named executive’s death.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| (c)    | Final award determination will be made by the Committee under the Company's Annual Incentive Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (d)    | Represents the amount the named executive will receive as a lump sum payment of the actuarial equivalent of the difference between the retirement benefits the named executive is currently entitled to receive under our qualified pension plan and a “recalculated” retirement benefit that includes additional 24, 30 or 36 months, as applicable, of credited service.  In addition, the named executive is entitled to the remainder of the retirement benefits upon reaching normal retirement age.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (e)    | Mr. Kruger terminated his employment with the Company and resigned as a member of the Board of Directors of the Company effective November 14, 2011.  Mr. Kruger has filed a lawsuit against the Company alleging breach of contract and wrongful termination in violation of public policy.  The lawsuit alleges that Century anticipatorily breached the employment and severance protection agreements between Century and Mr. Kruger and that Century is obligated to make various severance payments in excess of $20 million to Mr. Kruger under such agreements.  In addition, the complaint seeks unspecified damages, including exemplary and punitive damages, for wrongful termination, as well as costs and attorneys’ fees.  The trial court has transferred the matter to an arbitration panel for resolution.    We believe these claims are without merit and intend to vigorously defend our self against them.  The matter is in a preliminary stage, and we cannot predict the ultimate outcome of this action or estimate a range of possible losses related to this matter at this time.  We do not expect that the ultimate costs to resolve this action will have a material adverse effect on our consolidated financial condition, results of operations or liquidity, regardless of the ultimate outcome.                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (f)    | On May 11, 2011, the Company entered into a Separation Agreement and General Release (the “Separation Agreement”) with Mr.  Hale.  Pursuant to the Separation Agreement, Mr. Hale resigned as an executive officer of the Company and as a director, officer or employee, as applicable, of the Company’s subsidiaries and affiliates effective May 11, 2011 (the “Separation Date”).  In order to ensure a smooth transition of his duties, Mr. Hale entered into a consulting agreement with the Company effective through December 31, 2011, pursuant to which Mr. Hale was paid $811,280 in 2011.  Under the terms of the Separation Agreement, Mr. Hale agreed to a general release of claims with respect to the Company (including any claims arising under Mr. Hale’s existing employment agreement or severance protection agreement with the Company) and is subject to non-disparagement, cooperation and confidentiality provisions. In consideration for his agreement to the general release and these restrictive covenants, the Company agreed to pay Mr. Hale $2,255,192 in substantially equal installments following the Separation Date through December 31, 2013.  In addition, Mr. Hale received a pro-rata target annual bonus payment of $122,164 and (i) all time-vested performance share units and a pro-rata portion of all unvested cash-settled performance units held by Mr. Hale vested on the Separation Date and had a total value on such date of $129,751 and (ii) a pro-rata portion of Mr. Hale’s outstanding awards under the Century Aluminum Long-Term Transformational Incentive Plan vested on the Separation Date having a total value on such date of $80,055. |
| *      | See “Deferred Compensation” for additional information with respect to performance-units and time-vested performance shares that have already vested, but for which settlement may be accelerated upon certain subsequent events.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **     | Messrs. Kruger and Hale have only been included under the voluntary termination column in the forgoing table as such individuals had voluntarily terminated their employment with the Company prior to December 31, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

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Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

| Name                            |   | Amount and Nature of Beneficial Ownership (1) |       | Percent of Class |
|---------------------------------|--------|-----------------------------------------------|------------|------------------|
| Glencore AG(2)                  |   |                                          | 36,933,364 |             |   |   | 41.76 | % |
| Dimensional Fund Advisors LP(3) |   |                                          |       | 5,760,826        |   |   |   | 6.51 | % |

| (1) | Each entity has sole voting and dispositive power, except as otherwise indicated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Based on information set forth in a Form 4 filing dated April 3, 2012, by Glencore AG, Glencore International AG and Glencore International PLC (“Glencore”).  Glencore’s principal business address is Baarermattstresse 3, P.O. Box 666, CH-6341 Baar, V8, Switzerland,  In addition, the above information as to Glencore’s beneficial ownership of our outstanding common stock includes 7,930,417 shares acquired through the automatic conversion of our Series A Convertible Preferred Stock and excludes the 8,069,583 shares of our common stock issuable upon conversion of our Series A Convertible Preferred Stock owned by Glencore AG, which are convertible only upon the occurrence of events that have not transpired and that are outside of the control of Glencore AG, or in circumstances that would not result in an increase in the percentage of the outstanding shares of our common stock beneficially owned by Glencore.  In addition, Glencore has entered into cash-settled total return swaps that give Glencore economic exposure to an additional 9,129,302 shares of our common stock. |
| (3) | Based on information set forth in a Schedule 13G/A filing dated February 14, 2012, by Dimensional Fund Advisors LP (“Dimensional”).  Dimensional is an investment advisor and furnishes investment advice to four investment companies and serves as investment manager to certain other commingled group trusts and separate accounts (“Funds”).  As an investment advisor and/or manager, Dimensional does not possess voting and/or investment power over these shares though it may be deemed to be the beneficial owner of these shares.  These shares are owned by the Funds and Dimensional specifically disclaims beneficial ownership of these securities.  The principal business address of Dimensional Fund Advisors LP is Palisades West, Building One, 6300 Bee Cave Road, Austin, Texas 78746.                                                                                                                                                                                                                                                                                                 |

30

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|                                                               |   | Amount and Nature of Beneficial Ownership(a) |
|--------------------------------------------------------------------|--------|----------------------------------------------|
| Name                                                               |   | Common Stock                                 |   | Exercisable Stock Options(b) |
| Jarl Berntzen                                                      |   |                                         | 26,177 |   |   |   | 16,000 |   |
| Michael A. Bless                                                   |   |                                         | 17,931 | (c) |   |   | 57,618 |   |
| Andrew J. Caplan                                                   |   |                                         | – | (d) |   |   | – |   |
| John C. Fontaine                                                   |   |                                         | 14,695 | (c) |   |   | 17,000 |   |
| Daniel Goldberg                                                    |   |                                         | – | (d) |   |   | – |   |
| Michelle Harrison                                                  |   |                                         | 19,668 |   |   |   | 22,998 |   |
| Peter C. Jones                                                     |   |                                         | 14,344 |   |   |   | 13,000 |   |
| Steven Kalmin                                                      |   |                                         | – | (d) |   |   | – |   |
| William J. Leatherberry                                            |   |                                         | 28,469 |   |   |   | 25,288 |   |
| Andrew Michelmore                                                  |   |                                         | 12,297 |   |   |   | – |   |
| John P. O’Brien                                              |   |                                         | 23,612 |   |   |   | 14,000 |   |
| Steve Schneider                                                    |   |                                         | 19,214 |   |   |   | 17,801 |   |
| Willy R. Strothotte                                                |   |                                         | – | (d) |   |   | – | (e) |
| Terence Wilkinson                                                  |   |                                         | 5,565 |   |   |   | – |   |
| All Directors and Named Executive Officers as a Group (14 persons) |   |                                         | 181,972 |   |   |   | 183,705 |   |

| (a) | Each individual has sole voting and dispositive power except as otherwise noted.                                                                                                                                                                               |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents shares that are subject to options that are presently exercisable or exercisable within 60 days of March 31, 2012.                                                                                                                                  |
| (c) | Represents shares that are jointly owned and subject to shared voting and dispositive power.                                                                                                                                                                   |
| (d) | Excludes 36,933,364 shares owned by Glencore, for which Mr. Kalmin serves as Chief Financial Officer, Mr. Goldberg serves as the Asset and Investment Manager of the Aluminum and Alumina Department and Mr. Caplan serves as the Bauxite and Alumina Manager. |
| (e) | Excludes options to acquire 17,000 shares of our common stock held in Mr. Strothotte’s name for the benefit of Glencore.                                                                                                                                 |

| Plan Category                                      |   | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights |   | Weighted-average Exercise Price of Outstanding Options, Warrants and Rights |   | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans |
|----------------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|
| Equity compensation plans approved by shareholders |   |              979,526            |   |           $24.51(b)            |   |               7,429,267     |

| (a) | As of December 31, 2011                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represents the weighted-average exercise price of 632,334 options outstanding under the 1996 Plan.  There is no exercise price associated with 347,192 time-vested performance share units also outstanding under the 1996 Plan. |

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Item 13.  Certain Relationships and Related Transactions, and Director Independence.

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|                                              |   | Three months ended March 31, 2012 |        | Year ended December 31, 2011 |
|---------------------------------------------------|--------|-----------------------------------|-------------|------------------------------|
| Net sales to Glencore                             |   | $                                 | 137,351,000 |                         |   | $ | 564,431,000 |   |
| Purchases from Glencore                           |   |  $                           | 43,919,000  |                         |   |  $ | 187,691,000 |   |
| Cash premium to Glencore for put option contracts |   | $                                 | –     |                         |   | $ | 2,106,000 |   |

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Item 14.  Principal Accountant Fees and Services.

|                       |   | 2011   |      |   | 2010   |   |
|----------------------------|--------|--------|-----------|--------|--------|--------|
| Audit Fees                 |   | $      | 1,755,000 |   |   | $      | 1,673,000 |   |
| Audit – Related Fees |   |   | 96,000    |   |   |   | 98,000 |   |
| Tax Fees                   |   |   | 101,000   |   |   |   | 68,000 |   |
| All Other Fees             |   |   | 21,000    |   |   |   | – |   |
| Total Fees                 |   | $      | 1,973,000 |   |   | $      | 1,839,000 |   |

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PART IV

Item 15.  Exhibits and Financial Statement Schedules.

| Exhibit Number |   | Description                            |
|----------------|--------|----------------------------------------|
| 31.1           |   | Rule 13a-14(a)/15d-14(a) Certification |
|           |   |                                   |
|           |   |                                   |
|           |   |                                   |
|           |   |                                   |

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SIGNATURE

|   |      | Century Aluminum Company              |
|--------|-----------|---------------------------------------|
|   | By:  |  /s/ Michael A. Bless            |
|   |      | Michael A. Bless                      |
|   |      | President and Chief Executive Officer |
|   |      | Dated: April 30, 2012                 |

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| Exhibit Number |   | Description                            |
|----------------|--------|----------------------------------------|
| 31.1           |   | Rule 13a-14(a)/15d-14(a) Certification |
|           |   |                                   |
|           |   |                                   |
|           |   |                                   |
|           |   |                                   |

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