STURM RUGER & CO INC — Director's Dealing 2011

Mar 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2011-03-29

Reporting Person: Maynard Steven M (VP of Lean Business Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-29	Common Stock	M	10000	$8.23	Acquired	81576	Indirect
2011-03-29	Common Stock	F	5774	$22.26	Disposed	75802	Indirect
2011-03-29	Common Stock	M	20000	$8.69	Acquired	95802	Indirect
2011-03-29	Common Stock	F	11825	$22.26	Disposed	83977	Indirect
2011-03-29	Common Stock	M	5614	$8.69	Acquired	89591	Indirect
2011-03-29	Common Stock	F	3320	$22.26	Disposed	86271	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-29	Employee Stock Option (Right to Buy)	$8.23	M	10000	Disposed	2018-04-28	Common Stock (10000)	Direct
2011-03-29	Common Stock (Right to Buy)	$8.69	M	20000	Disposed	2019-03-02	Common Stock (20000)	Direct
2011-03-29	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: Includes 57,000 shares held by Mr. Maynard's spouse; the remainder are held jointly with Mr. Maynard's spouse.

F3: The options are exercisable in five annual installments of 10,000 shares each. The first installment became exercisable on March 2, 2010 and the second installment became exercisable on March 2, 2011. The remaining three installments become exercisable on March 2, 2012, March 2, 2013 and March 2, 2014, respectively.