DOUGLAS DYNAMICS, INC — Director's Dealing 2010

May 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2010-05-04

Reporting Person: Adamson Mark (VP, Sales and Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-04	Common Stock	A	2081	—	Acquired	2081	Direct

Footnotes

F1: Represents shares of restricted stock granted immediately prior to the effectiveness of the Issuer's Registration Statement on Form 8-A. The restricted stock vests in five equal annual installments.

F2: Granted as compensation for services.