Chart Summarizing Subsitute Equity Grants



 EXHIBIT 10.1 
  
 CHAPARRAL STEEL COMPANY – SUBSTITUTE OPTION AWARDS TO EXECUTIVE OFFICERS AND DIRECTORS 
  

																													
	 	  	Original
TXI
Date of
Grant

	  	Total
Substitute
Chaparral
Options

	  	Exercise
Price

	  	Expiration
Date

	  	First
Vesting
Date

	  	Number
of
Options
Vesting

	  	Second
Vesting
Date

	  	Number
of
Options
Vesting

	  	Third
Vesting
Date

	  	Number
of
Options
Vesting

	  	Fourth
Vesting
Date

	  	Number
of
Options
Vesting

	  	Fifth
Vesting
Date

	  	Number
of
Options
Vesting


	 Executive Officers – Options
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Baetz, Cary D
	  	1/15/03	  	7,202	  	6.16	  	1/15/13	  	1/15/06	  	2,401	  	1/15/07	  	2,401	  	1/15/08	  	2,400	  	—  	  	—  	  	—  	  	—  
	 Baetz, Cary D
	  	1/11/05	  	12,004	  	15.29	  	1/11/15	  	1/11/06	  	2,401	  	1/11/07	  	2,401	  	1/11/08	  	2,401	  	1/11/09	  	2,401	  	1/11/10	  	2,400
															
	 Bourcier, Timothy J.
	  	4/24/01	  	8,003	  	7.26	  	4/24/11	  	4/24/06	  	8,003	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Bourcier, Timothy J.
	  	1/15/03	  	28,811	  	6.16	  	1/15/13	  	1/15/06	  	9,604	  	1/15/07	  	9,604	  	1/15/08	  	9,603	  	—  	  	—  	  	—  	  	—  
	 Bourcier, Timothy J.
	  	5/15/03	  	38,415	  	5.35	  	5/15/13	  	5/15/06	  	12,806	  	5/15/07	  	12,805	  	5/15/08	  	12,805	  	—  	  	—  	  	—  	  	—  
	 Bourcier, Timothy J.
	  	1/11/05	  	10,003	  	15.29	  	1/11/15	  	1/11/06	  	2,002	  	1/11/07	  	2,001	  	1/11/08	  	2,000	  	1/11/09	  	2,001	  	1/11/10	  	2,000
															
	 Dickert, William H.
	  	1/17/01	  	6,002	  	7.44	  	1/17/11	  	1/17/06	  	6,002	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Dickert, William H.
	  	1/15/03	  	24,009	  	6.16	  	1/15/13	  	1/15/06	  	8,003	  	1/15/07	  	8,003	  	1/15/08	  	8,003	  	—  	  	—  	  	—  	  	—  
	 Dickert, William H.
	  	5/15/03	  	31,212	  	5.35	  	5/15/13	  	5/15/06	  	10,404	  	5/15/07	  	10,404	  	5/15/08	  	10,404	  	—  	  	—  	  	—  	  	—  
	 Dickert, William H.
	  	1/11/05	  	12,003	  	15.29	  	1/11/15	  	1/11/06	  	2,401	  	1/11/07	  	2,401	  	1/11/08	  	2,400	  	1/11/09	  	2,401	  	1/11/10	  	2,400
															
	 Hughes, J. Celtyn
	  	1/17/01	  	6,002	  	7.44	  	1/17/11	  	1/17/06	  	6,002	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Hughes, J. Celtyn
	  	1/15/03	  	24,009	  	6.16	  	1/15/13	  	1/15/06	  	8,003	  	1/15/07	  	8,003	  	1/15/08	  	8,003	  	—  	  	—  	  	—  	  	—  
	 Hughes, J. Celtyn
	  	5/15/03	  	31,212	  	5.35	  	5/15/13	  	5/15/06	  	10,404	  	5/15/07	  	10,404	  	5/15/08	  	10,403	  	—  	  	—  	  	—  	  	—  
	 Hughes, J. Celtyn
	  	1/11/05	  	12,003	  	15.29	  	1/11/15	  	1/11/06	  	2,401	  	1/11/07	  	2,401	  	1/11/08	  	2,400	  	1/11/09	  	2,401	  	1/11/10	  	2,400
															
	 Jaffre, Richard T.
	  	1/17/01	  	6,002	  	7.44	  	1/17/11	  	1/17/06	  	6,002	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Jaffre, Richard T.
	  	1/15/03	  	24,009	  	6.16	  	1/15/13	  	1/15/06	  	8,003	  	1/15/07	  	8,003	  	1/15/06	  	8,003	  	—  	  	—  	  	—  	  	—  
	 Jaffre, Richard T.
	  	5/15/03	  	28,811	  	5.35	  	5/15/13	  	5/15/06	  	9,603	  	5/15/07	  	9,604	  	5/15/08	  	9,604	  	—  	  	—  	  	—  	  	—  
	 Jaffre, Richard T.
	  	1/11/05	  	10,003	  	15.29	  	1/11/15	  	1/11/06	  	2,001	  	1/11/07	  	2,001	  	1/11/08	  	2,000	  	1/11/09	  	2,001	  	1/11/10	  	2,000
															
	 Linch, Mark Kevin
	  	1/16/02	  	4,801	  	9.13	  	1/16/12	  	1/16/06	  	2,401	  	1/16/07	  	2,400	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
															
	 Valenta, Tommy A.
	  	1/17/01	  	13,285	  	7.44	  	1/17/11	  	1/17/06	  	13,285	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Valenta, Tommy A.
	  	1/16/02	  	25,609	  	9.13	  	1/16/12	  	1/16/06	  	12,805	  	1/16/07	  	12,804	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Valenta, Tommy A.
	  	1/15/03	  	62,424	  	6.16	  	1/15/13	  	1/15/06	  	20,808	  	1/15/07	  	20,808	  	1/15/08	  	20,808	  	—  	  	—  	  	—  	  	—  
	 Valenta, Tommy A.
	  	5/15/03	  	81,633	  	5.35	  	5/15/13	  	5/15/06	  	27,211	  	5/15/07	  	27,211	  	5/15/08	  	27,211	  	—  	  	—  	  	—  	  	—  
	 Valenta, Tommy A.
	  	1/11/05	  	43,617	  	15.29	  	1/11/15	  	1/11/06	  	8,724	  	1/11/07	  	8,724	  	1/11/08	  	8,724	  	1/11/09	  	8,723	  	1/11/10	  	8,722










 EXHIBIT 10.1 (cont.) 
  

																													
	 	  	Original
TXI
Date of
Grant

	  	Total
Substitute
Chaparral
Options

	  	Exercise
Price

	  	Expiration
Date

	  	First
Vesting
Date

	  	Number
of
Options
Vesting

	  	Second
Vesting
Date

	  	Number
of
Options
Vesting

	  	Third
Vesting
Date

	  	Number
of
Options
Vesting

	  	Fourth
Vesting
Date

	  	Number
of
Options
Vesting

	  	Fifth
Vesting
Date

	  	Number
of
Options
Vesting


	Non-Employee Directors – Options	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Williams, Elizabeth C.
	  	10/15/02	  	12,004	  	5.97	  	10/15/12	  	10/15/05	  	4,002	  	10/15/06	  	4,001	  	10/15/07	  	4,001	  	—  	  	—  	  	—  	  	—  
	 Clariond, Eugenio
	  	10/15/02	  	12,004	  	5.97	  	10/15/12	  	10/15/05	  	4,002	  	10/15/06	  	4,001	  	10/15/07	  	4,001	  	—  	  	—  	  	—  	  	—  
	 Hoak, James M.
	  	10/17/00	  	4,001	  	7.21	  	10/17/10	  	10/17/05	  	4,001	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Wachtmeister, Ian
	  	10/16/01	  	8,003	  	7.94	  	10/16/11	  	10/16/05	  	4,002	  	10/16/07	  	4,001	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  
	 Wachtmeister, Ian
	  	10/19/04	  	20,008	  	12.09	  	10/19/14	  	10/19/05	  	4,002	  	10/19/06	  	4,002	  	10/19/07	  	4,002	  	10/19/08	  	4,001	  	10/19/09	  	4,001
															
	Non-Employee Directors – Stock Appreciation Rights	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
															
	 Hoak, James M.
	  	10/21/03	  	16,006	  	6.61	  	10/21/13	  	10/21/05	  	4,002	  	10/21/06	  	4,002	  	10/21/07	  	4,001	  	10/21/08	  	4,001	  	—  	  	—  

  
 NON-EMPLOYEE DIRECTORS –
DEFERRED COMPENSATION ACCOUNTS 
  
 Each of Elizabeth C. Williams and Eugino
Clariond participated in deferred compensation agreements with Texas Industries, Inc. (“TXI”) with respect to retainer and other fees they were entitled to receive as non-employee directors of TXI. Pursuant to those agreements, each of
Ms. Williams and Mr. Clariond were credited with shares of TXI common stock in a deferral account, based on the amount of compensation they deferred. These shares were converted into shares of Chaparral Steel Company common stock on the
same basis as the options and were credited to a Chaparral deferral account for the benefit of each of Ms. Williams and Mr. Clariond. The number of shares credited to the deferral account are as follows 
  

					
	 	  	Number of TXI Shares
Credited to Deferral Account

	  	Number of Chaparral Shares
Credited to Deferral Account


	 Williams, Elizabeth C.
	  	5,023.25	  	20,101.19
	 Clariond, Eugenio
	  	8,293.44	  	33,187.28

  
 EXECUTIVE OFFICERS – STOCK
AWARD AGREEMENTS 
  
 Each of Tommy A. Valenta and William H. Dickert
previously received stock award agreements from TXI, which stock award agreements were assumed by Chaparral Steel Company and for which Chaparral common stock was substituted for TXI common on the same basis as the options were converted. All shares
subject to Mr. Valenta’s stock award vest on June 1, 2008. One-half of the shares subject to Mr. Dickert’s stock award vest on June 1, 2006 and one-half vest on June 1, 2010. 
  

					
	 	  	Number of TXI Shares
Subject to Stock Award

	  	Number of Chaparral Shares
Subject to Stock Award


	 Valenta, Tommy A.
	  	1,100.86	  	4,405.23
	 Dickert, William H.
	  	632.66	  	2,531.67