DOUGLAS DYNAMICS, INC — Director's Dealing 2013

Mar 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2013-03-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-06	Common Stock	A	20553	—	Acquired	132475	Direct
2013-03-06	Common Stock	S	5586	$14.4109	Disposed	126889	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2587.6871	Indirect

Footnotes

F1: Includes 9,102 shares that will vest in three equal annual installments beginning on March 6, 2014.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $14.40 to $14.50. 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 an average weighted price.