DOUGLAS DYNAMICS, INC — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2011-01-03

Reporting Person: McCormick Robert L (EVP, CFO, Treasurer, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	A	14020	—	Acquired	118934	Direct
2011-01-05	Common Stock	S	780	$14.8793	Disposed	118154	Direct

Footnotes

F1: Includes 4,948 shares that will vest in two equal annual installments beginning on January 3, 2012 and 7,422 shares that will vest in three equal annual installments beginning on January 3, 2012.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $14.85 to $14.99. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.