DOUGLAS DYNAMICS, INC — Director's Dealing 2011

Mar 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2011-03-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-18	Common Stock	M	50000	$4.21	Acquired	261364	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-18	Employee Stock Option (right to buy)	$4.21	M	50000	Disposed	2014-09-04	Common Stock (50000)	Direct

Footnotes

F1: These stock options are fully vested and can be exercised at any time.