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AMCON DISTRIBUTING CO — Director's Dealing 2010
Nov 29, 2010
34362_dirs_2010-11-29_fbe6d337-2440-4001-a70e-c9e357d56084.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMCON DISTRIBUTING CO (DIT)
CIK: 0000928465
Period of Report: 2010-11-22
Reporting Person: Plummer Andrew Charles (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-26 | Common Stock, par value $.01 per share | M | 1250 | $72.5 | Acquired | 3250 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-22 | Restricted Stock Units | $ | A | 3750 | Acquired | Common Stock (3750) | Direct | |
| 2010-11-26 | Restricted Stock Units | $72.5 | M | 1250 | Disposed | Common Stock (1250) | Direct | |
| 2010-11-22 | Restricted Stock Units | $ | A | 1600 | Acquired | Common Stock (1600) | Direct |
Footnotes
F1: The Restricted Stock Units ("RSUs") provide the reporting person with the right to receive on the applicable vesting date (the "Settlement Date"), either (i) an amount of cash equal to the per share Fair Market Value of the Issuer's common stock as of the vesting date multiplied by the number of shares underlying the RSUs then becoming vested and held by the reporting person or (ii) a number of shares of common stock equal to the whole number of shares underlying the RSUs then coming vested and held by the reporting person, as elected by the reporting person. Subject to earlier fofeiture under certain limited circumstances, the RSUs vest as to one-third of the award on November 26, 2010, October 26, 2011 and October 26, 2010. The Fair Market Value of the RSUs vesting on November 26, 2010 was determined by the closing price for the Issuer's common stock on the NYSE AMex Equities on that date.
F2: The Restricted Stock Units ("RSUs") provide the reporting person with the right to receive, on the applicable vesting date, either (i) an amount of cash equal to the per share Fair Market Value of the Issuer's common stock as of the vesting date multiplied by the number of shares underlying the RSUs then becoming vested and held by the reporting person or (ii) a number of shares of common stock equal to the whole number of shares underlying the RSUs then becoming vested and held by the reporting person, as elected by the reporting person. Subject to earlier forfeiture under certain limited circumstances, the RSU's vest as to one-third of the award on November 22, 2011, November 22, 2012 and November 22, 2013.