Universal Stainless & Alloy Products Inc (USAP)

[OptionMonster]

Universal Stainless Chairman Adopts 10b5-1 Trading Plan
BRIDGEVILLE, Pa., March 5, 2008 (PRIME NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today announced that Clarence M. McAninch, Chairman of the Board of Directors, has adopted a pre-arranged, non-discretionary stock trading plan to sell the stock issuable upon the exercise of Mr. McAninch's stock options. The stock trading plan is designed to permit systematic sales by Mr. McAninch over time as part of his individual long-term strategy for asset diversification and estate planning. The stock trading plan was adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, and the Company's policies regarding stock transactions by insiders.

Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders can gradually diversify their investment portfolios by spreading stock trades out over an extended period of time to reduce any market impact while avoiding concerns about the initiation of stock transactions when in possession of material non-public information.

Subject to the terms of the plan, Mr. McAninch may sell up to 35,000 shares of the Company's stock over a period of eighteen weeks.

The transactions under this plan will commence no earlier than March 10, 2008 and will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.