CASEYS GENERAL STORES INC — Director's Dealing 2021

Jun 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CASEYS GENERAL STORES INC (CASY)
CIK: 0000726958
Period of Report: 2021-06-15

Reporting Person: REBELEZ DARREN M (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-15	Common Stock	M	2093	—	Acquired	8793	Direct
2021-06-15	Common Stock	F	636	$203.82	Disposed	8157	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-15	Restricted stock units	$	M	2093	Disposed		Common Stock (2093.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	172	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted stock units	$		Common Stock (16666.0)	16666	Direct
Restricted stock units	$		Common Stock (3332.0)	3332	Direct
Restricted stock units	$		Common Stock (6235.0)	6235	Direct
Restricted stock units	$		Common Stock (4241.0)	4241	Direct

Footnotes

F1: Closing price of Common Stock on June 15, 2021.

F2: Allocated to Mr. Rebelez's 401k plan account as of April 30, 2021. Does not include any shares allocated by the plan trustee after that date.

F3: Pursuant to terms and conditions of 2018 Stock Incentive Plan. The remainder of this award will vest in equal installments on June 15, 2022 and June 15, 2023. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2023, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.

F4: Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.

F5: Pursuant to terms and conditions of Mr. Rebelez's "make-whole award" of June 24, 2019, granted in conjunction with his commencement of employment as Casey's President and CEO. These units vest over a three-year period in equal installments on each of the first three anniversaries of the grant date. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 24, 2022, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.

F6: Represents the number of restricted stock units earned upon achievement of the performance criteria pursuant to the terms and conditions of Mr. Rebelez's "special strategic grant" of December 23, 2019. The restricted stock units remain subject to service-based vesting, and will vest in equal installments on January 15, 2022 and January 15, 2023.

F7: Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in equal installments on June 15, 2022, June 15, 2023 and June 15, 2024. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 15, 2024, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.

F8: Pursuant to terms and conditions of 2018 Stock Incentive Plan. This award will vest in full on June 24, 2022. Not included in the reported award amount is a target amount of performance-based restricted stock units that will vest on June 24, 2022, but which are subject to the satisfaction of certain performance criteria other than solely the price of Casey's Common Stock; the final amount of shares earned, if any, will be reported upon vest and satisfaction of those performance measures.