AMCON DISTRIBUTING CO — Director's Dealing 2020

Oct 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMCON DISTRIBUTING CO (DIT)
CIK: 0000928465
Period of Report: 2020-10-22

Reporting Person: ATAYAN CHRISTOPHER H (Director, CEO and Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-22	Common Stock, par value $.01 per share	M	3300	—	Acquired	347213	Direct
2020-10-23	Common Stock, par value $.01 per share	M	3300	—	Acquired	350513	Direct
2020-10-24	Common Stock, par value $.01 per share	M	3300	—	Acquired	353813	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-22	Restricted Stock Units	$	M	3300	Disposed	2029-10-22	Common Stock (3300)	Direct
2020-10-23	Restricted Stock Units	$	M	3300	Disposed	2028-10-23	Common Stock (3300)	Direct
2020-10-24	Restricted Stock Units	$	M	3300	Disposed	2027-10-24	Common Stock (3300)	Direct

Footnotes

F1: Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vest as to one-third of the total original 9,900 RSU award on October 22, 2020, October 22, 2021, and October 22, 2022. On the October 22, 2020 vesting date RSUs were settled for 3,300 shares of common stock.

F2: Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vest as to one-third of the total original 9,900 RSU award on October 23, 2019, October 23, 2020, and October 23, 2021. On the October 23, 2020 vesting date RSUs were settled for 3,300 shares of common stock.

F3: Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vest as to one-third of the total original 9,900 RSU award on October 24, 2018, October 24, 2019, and October 24, 2020. On the October 24, 2020 vesting date RSUs were settled for 3,300 shares of common stock.