Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  ROSS CHRISTOPHER J
2. Date of Event Requiring Statement (Month/Day/Year)
01/18/2018
3. Issuer Name and Ticker or Trading Symbol
AK STEEL HOLDING CORP [AKS]
(Last)
(First)
(Middle)
9227 CENTRE POINTE DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & Treasurer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WEST CHESTER, OH 45069
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 34,595
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 03/18/2011(1) 03/18/2020 Common Stock 2,000 $ 22.94 D  
Employee Stock Option (Right to Buy) 01/19/2012(1) 01/19/2021 Common Stock 3,106 $ 14.57 D  
Employee Stock Option (Right to Buy) 01/18/2013(1) 01/18/2022 Common Stock 5,500 $ 9.11 D  
Employee Stock Option (Right to Buy) 01/23/2014(1) 01/23/2023 Common Stock 5,500 $ 4.59 D  
Employee Stock Option (Right to Buy) 01/22/2015(1) 01/22/2024 Common Stock 4,100 $ 6.72 D  
Employee Stock Option (Right to Buy) 01/21/2016(1) 01/21/2025 Common Stock 9,900 $ 3.975 D  
Employee Stock Option (Right to Buy) 01/20/2017(1) 01/20/2026 Common Stock 8,200 $ 1.74 D  
Employee Stock Option (Right to Buy) 01/18/2018(1) 01/18/2027 Common Stock 7,000 $ 9.78 D  
Employee Stock Option (Right to Buy) 01/17/2019(1) 01/17/2028 Common Stock 14,500 $ 6.555 D  
Performance Shares 12/31/2018 12/31/2018 Common Stock 3,800 (2) $ (3) D  
Performance Shares 12/31/2019 12/31/2019 Common Stock 1,650 (4) $ (5) D  
Performance Shares 12/31/2020 12/31/2020 Common Stock 6,500 (6) $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ROSS CHRISTOPHER J
9227 CENTRE POINTE DRIVE
WEST CHESTER, OH 45069
      VP & Treasurer  

Signatures

/s/ Christopher J. Ross 01/22/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options vest in three equal annual installments beginning one year after grant date.
(2) This represents one half of the Performance Shares which were awarded on January 20, 2016 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
(3) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate (CAGR) of the Common Stock between January 1, 2016 to December 31, 2018 (the Performance Period).
(4) This represents one half of the Performance Shares which were awarded on January 18, 2017 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time.
(5) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate (CAGR) of the Common Stock between January 1, 2017 to December 31, 2019 (the Performance Period).
(6) This represents Performance Shares awarded on January 17, 2018 and are being reported at this time because they may constitute derivative securities.
(7) Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on Total Shareholder Return relative to other companies in the Van Eck Vectors Steel ETF with Total Shareholder Return defined as appreciation in stock price and reinvestment of dividends between January 1, 2018 and December 31, 2020 (the Performance Period).

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