DOUGLAS DYNAMICS, INC — Director's Dealing 2014

Mar 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2014-03-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-05	Common Stock	A	22521	—	Acquired	131588	Direct
2014-03-06	Common Stock	S	3808	$16.3003	Disposed	127780	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2739.1332	Indirect

Footnotes

F1: Includes 8,430 shares that will vest in three equal annual installments and 9,394 shares that will vest in two equal annual installments, in each case beginning on March 5, 2015.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $16.30 to $16.31. 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.