DOUGLAS DYNAMICS, INC — Director's Dealing 2010

Aug 11, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2010-08-09

Reporting Person: Janik James L (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-09	Common Stock	M	96614	$4.21	Acquired	244632	Direct
2010-08-09	Common Stock	F	49114	$11.30	Disposed	195518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-09	Employee Stock Option (right to buy)	$4.21	M	96614	Disposed	2014-09-04	Common Stock (96614)	Direct

Footnotes

F1: Represents a net-share settlement to cover the exercise price and a portion of the tax withholding obligations of the Issuer with respect to the exercise of the stock options reported below.

F2: These stock options are fully vested and can be exercised at any time.