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RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2017
RELATED PARTY TRANSACTIONS |
Schedule of intercompany loans |
|  | 2017 |  | 2016 |
Assets |  |  |  |  |
Joint venture |  |  |  |  |
Gerdau Corsa SAPI de C.V. |  | 7 |  | 48 |
Others |  |  |  |  |
Fundação Gerdau |  | 51,832 |  | 57,493 |
|  | 51,839 |  | 57,541 |
|  | 2017 |  | 2016 |  | 2015 |
Net financial income |  | 95 |  | (2,457 | ) | 2,712 |
Summary of guarantees granted |
Related Party |  | Relationship |  | Object |  | Original Amount |  | Maturity |  | 2017 |  | 2016 |
GTL Trade Finance Inc. |  | Subsidiary |  | 10-year Bond |  | 1,744,000 |  | Oct/17 |  | — |  | 2,577,296 |
GTL Trade Finance Inc. |  | Subsidiary |  | 30-year Bond |  | 1,118,000 |  | Apr/44 |  | 1,654,000 |  | 1,629,550 |
Diaco S.A. |  | Joint-venture |  | Financing Agreements |  | 137,700 |  | Aug/18 |  | 128,019 |  | 397,238 |
Armacero-Matco S.A., Salomon Sack S.A. |  | Subsidiary |  | Financing Agreements |  | 214,793 |  | Dec/18 |  | 226,700 |  | — |
Gerdau Holding Inc. |  | Subsidiary |  | 10-year Bond |  | 2,188,125 |  | Jan/20 |  | 1,711,649 |  | 1,801,389 |
Gerdau Trade Inc. |  | Subsidiary |  | 10-year Bond |  | 2,117,750 |  | Jan/21 |  | 1,570,546 |  | 3,345,222 |
Gerdau Corsa S.A.P.I. de C.V. |  | Joint-venture |  | Financing Agreements |  | 1,973,313 |  | Jul/18 - Dec/21 |  | 1,797,856 |  | 2,061,260 |
Gerdau Summit Aços Fundidos e Forjados S.A. |  | Joint-venture |  | Financing Agreements |  | 130,164 |  | Aug/25 |  | 6,550 |  | — |
GTL Trade Finance Inc., Gerdau Holdings Inc. |  | Subsidiary |  | 10-year Bond |  | 2,606,346 |  | Apr/24 |  | 3,031,974 |  | 2,987,154 |
Sipar Aceros S.A. |  | Subsidiary |  | Financing Agreements |  | 436,959 |  | Sep/18 - Sep/21 |  | 85,920 |  | 434,706 |
Gerdau Trade Inc. |  | Subsidiary |  | 10-year Bond |  | 1,501,275 |  | Apr/23 |  | 1,792,291 |  | 1,832,625 |
Gerdau Steel India Ltd. |  | Subsidiary |  | Financing Agreements |  | 98,359 |  | Sep/18 - Feb/19 |  | 287,690 |  | 354,585 |
Gerdau Steel India Ltd. |  | Subsidiary |  | Financing Agreements |  | — |  | Indetermined |  | — |  | 55,130 |
Comercial Gerdau Bolivia |  | Subsidiary |  | Financing Agreements |  | — |  | nov/17 |  | — |  | 13,036 |
Gerdau Açominas S.A. |  | Subsidiary |  | Financing Agreements |  | 2,960,203 |  | Jan/20 - Feb/21 |  | 2,158,271 |  | 2,627,205 |
Gerdau Ameristeel US. Inc. |  | Subsidiary |  | Bond 25 yers |  | 103,596 |  | Oct/37 |  | 168,708 |  | 166,214 |
Gerdau Ameristeel US. Inc. |  | Subsidiary |  | Bond 30 yers |  | 46,460 |  | May/37 |  | 76,084 |  | 74,959 |
Gerdau Aços Longos S.A. |  | Subsidiary |  | Financing Agreements |  | 556,247 |  | Oct/24 - Dec/30 |  | 282,534 |  | 318,784 |
Gerdau Aços Longos S.A. |  | Subsidiary |  | Financing Agreements |  | 7,007 |  | Dec/18 |  | 7,007 |  | 304,194 |
Siderurgica Zuliana, C.A. |  | Subsidiary |  | Financing Agreements |  | 50,010 |  | Dec/18 |  | 33,080 |  | 65,182 |
Gerdau Ameristeel Corporation; Gerdau Ameristeel US Inc.; Gerdau Macsteel Inc.; Comercial Gerdau Bolivia S.A.; Gerdau Aza S.A.; Gerdau Metaldom S.A.; Sipar Aceros S.A.; Gerdau Hungria Holdings LLC; Aceros Corsa S.A. de C.V.; Gerdau Corsa S.A.P.I de C.V.; Gerdau GTL México S.A. de C.V.; Sidertul S.A. de C.V.; Steelchem Trading Corporation; Empresa Siderúrgica Del Perú S.A.A.; Gerdau Hungria Y CIA, S.R.C and Gerdau Laisa S.A. |  | Subsidiary and Joint-venture |  | Financing Agreements |  | — |  | Oct/20 |  | 178,200 |  | 635,525 |
Gerdau Aços Especiais S.A. |  | Subsidiary |  | Financing Agreements |  | 70,000 |  | feb/20 |  | — |  | 63,000 |
Schedule of key management compensation |
|  | 2017 |
|  | Number of shares |  | Weighted exercise price |
|  |  |  | R$ |
Balance as of January 1, 2015 |  | 1,564,341 |  | 19.53 |
Options Forfeited |  | (1,130,091 | ) | 19.56 |
Others |  | 112,420 |  | — |
Balance as of December 31, 2015 |  | 546,670 |  | 18.36 |
Options Forfeited |  | (148,491 | ) | 20.49 |
Balance as of December 31, 2016 |  | 398,179 |  | 16.64 |
Options Forfeited |  | (217,819 | ) | 15.11 |
Balance as of December 31, 2017 |  | 180,360 |  | 17.91 |
|  | 2017 |  | 2016 |
Available at beginning of the year |  | 4,831,999 |  | 1,669,557 |
Granted |  | 1,353,930 |  | 3,399,729 |
Exercised |  | (240,619 | ) | (237,287 | )
Forfeited |  |  |  | — |
Available at the end of the year |  | 5,945,310 |  | 4,831,999 |

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