STURM RUGER & CO INC — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2011-05-04

Reporting Person: DINEEN THOMAS ANTHONY (Treasurer and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-04	Common Stock	M	52000	$13.39	Acquired	69669	Indirect
2011-05-04	Common Stock	F	39353	$23.34	Disposed	30316	Indirect
2011-05-04	Common Stock	M	15000	$13.39	Acquired	45316	Indirect
2011-05-04	Common Stock	F	11352	$23.34	Disposed	33964	Indirect
2011-05-04	Common Stock	M	15000	$8.23	Acquired	48964	Indirect
2011-05-04	Common Stock	F	9460	$23.34	Disposed	39504	Indirect
2011-05-04	Common Stock	M	5614	$8.69	Acquired	45118	Indirect
2011-05-04	Common Stock	F	3604	$23.34	Disposed	41514	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-04	Common Stock (Right to Buy)	$13.39	M	52000	Disposed	2017-04-24	Common Stock (52000)	Direct
2011-05-04	Employee Stock Option (Right to Buy)	$13.39	M	15000	Disposed	2017-04-24	Common Stock (15000)	Direct
2011-05-04	Employee Stock Option (Right to Buy)	$8.23	M	15000	Disposed	2018-04-28	Common Stock (15000)	Direct
2011-05-04	Employee Stock Option (Right to Buy)	$8.69	M	5614	Disposed	2019-03-02	Common Stock (5614)	Direct

Footnotes

F1: Represents cashless exercise of vested stock options.

F2: The options are exercisable in five annual installments of 13,000 shares each. The first four became exercisable on April 24, 2008, April 24, 2009, April 24, 2010 and April 24, 2011, respectively, and the final installment becomes exercisable on April 24, 2012.