EX-5 3 exh5-1_100102.txt EXHIBIT 5.1 Exhibit 5.1 [GRAPHIC OMITTED] UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC. 600 Mayer Street o Bridgeville, Pennsylvania 15017 Paul A. McGrath Phone: 412-257-7603 Fax: 412-257-7640 September 30, 2002 Universal Stainless & Alloy Products, Inc. 600 Mayer Street Bridgeville, Pennsylvania 15017 Re: Registration Statement on Form S-8 ---------------------------------- Ladies and Gentlemen: I am General Counsel of Universal Stainless & Alloy Products, Inc. (the "Company") and I have acted as counsel for the Company in connection with the preparation of the Form S-8 Registration Statement to be filed by the Company with the Securities and Exchange Commission for the registration under the Securities Act of 1933, as amended, of an additional 300,000 shares of the Company's common stock, par value $.001 per share (the "Shares"), which are to be offered from time to time to certain officers, employees and directors of the Company pursuant to the terms of the Universal Stainless & Alloy Products, Inc. Stock Incentive Plan, formerly known as the 1994 Stock Incentive Plan (the "Plan"). I have examined the originals, certified copies or copies otherwise identified to my satisfaction as being true copies of the Plan and such other documents as I have deemed necessary or appropriate for purposes of this opinion. Based on the foregoing, I am of the opinion that the Shares have been duly and validly authorized and reserved for issuance, and that the Shares, when issued under the terms of the Plan, will be legally and validly issued, fully paid and nonassessable. I hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement. Very truly yours, Paul A. McGrath General Counsel