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DOUGLAS DYNAMICS, INC Director's Dealing 2014

Jan 7, 2014

32507_dirs_2014-01-07_c88f9456-023c-475e-98d7-e68d14b07a53.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2014-01-03

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-01-03 Common Stock S 2199 $16.5252 Disposed 27395 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock option (right to buy) $4.21 2017-08-27 Common Stock (26350) 26350 Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $16.50 to $16.64. 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.

F3: The option became fully exercisable on an accelerated basis on May 20, 2011.