DOUGLAS DYNAMICS, INC — Director's Dealing 2015

Mar 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2015-03-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-03	Common Stock	A	11309	—	Acquired	48235	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: Includes 3,537 shares that will vest in three equal annual installments and 5,180 shares that will vest in two equal annual installments, in each case beginning on March 6, 2016.

F2: The option became fully exercisable on an accelerated basis on May 20, 2011.