FASTENAL CO — Director's Dealing 2021

Dec 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FASTENAL CO (FAST)
CIK: 0000815556
Period of Report: 2021-12-09

Reporting Person: FLORNESS DANIEL L (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-09	Common Stock	M	50000	$23	Acquired	310657	Direct
2021-12-09	Common Stock	F	32728	$63.2741	Disposed	277929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-09	Employee Stock Option (Right to Buy)	$23	M	50000	Disposed	2025-05-31	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20000	Indirect
Common Stock	10033	Indirect

Footnotes

F1: These shares are held in a trust for which reporting person's spouse serves as a trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.

F2: Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 46 shares acquired since the reporting person's prior holding report filed on 11/12/2021.

F3: This transaction consisted of a 'sell to cover' in which the reporting person exercised 50,000 derivative securities (Employee Stock Options) and sold 32,728 optioned shares to pay the cost and taxes associated with acquiring and holding 17,272 optioned shares.

F4: The option will fully vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half way through the relevant vesting period, and the remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.