STURM RUGER & CO INC — Director's Dealing 2006

May 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2006-05-18

Reporting Person: RUGER WILLIAM B JR (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-18	Common Stock	S	200	$5.77	Disposed	655000	Direct
2006-05-18	Common Stock	S	2200	$5.76	Disposed	652800	Direct
2006-05-18	Common Stock	S	18100	$5.75	Disposed	634700	Direct
2006-05-18	Common Stock	S	21700	$5.74	Disposed	613000	Direct
2006-05-18	Common Stock	S	9300	$5.73	Disposed	603700	Direct
2006-05-18	Common Stock	S	14400	$5.72	Disposed	589300	Direct
2006-05-18	Common Stock	S	5900	$5.71	Disposed	583400	Direct
2006-05-18	Common Stock	S	6600	$5.70	Disposed	576800	Direct
2006-05-19	Common Stock	S	153800	$5.75	Disposed	423000	Direct
2006-05-19	Common Stock	S	500	$5.76	Disposed	422500	Direct
2006-05-19	Common Stock	S	2900	$5.78	Disposed	419600	Direct
2006-05-19	Common Stock	S	9000	$5.80	Disposed	410600	Direct
2006-05-22	Common Stock	S	1400	$5.80	Disposed	409200	Direct
2006-05-22	Common Stock	S	100	$5.82	Disposed	409100	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4272000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to Purchase Common Stock	$11.9375		Common Stock (250000)	250000	Direct

Footnotes

F1: Mr. Ruger disclaims ownership of shares not held in his name, except to the extent of his pecuniary interest therein.

F2: Currently Exercisable

F3: Options expire 90 days from February 28, 2006