DOUGLAS DYNAMICS, INC — Director's Dealing 2017

Mar 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOUGLAS DYNAMICS, INC (PLOW)
CIK: 0001287213
Period of Report: 2017-03-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-02	Common Stock	A	11450	—	Acquired	68647	Direct
2017-03-06	Common Stock	S	5178	$32.4616	Disposed	63469	Direct

Footnotes

F1: Includes 2,415 shares that will vest in three equal annual installments and 6,022 shares that will vest in two equal annual installments, in each case beginning on March 6, 2018.

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 $32.40 to $32.80. 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.