STURM RUGER & CO INC — Director's Dealing 2011

Mar 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2011-03-22

Reporting Person: FIFER MICHAEL O (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-22	Common Stock	M	80000	$7.32	Acquired	233951	Indirect
2011-03-22	Common Stock	F	50142	$21.17	Disposed	183809	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-22	Employee Stock Option (Right to Buy)	$7.32	M	80000	Disposed	2016-09-25	Common Stock (80000)	Direct

Footnotes

F1: Represents cashless exercise of vested stock options.

F2: The options are exercisable in five annual installments of 80,000 shares each. The first became exercisable on September 25, 2007, the second installment became exercisable on September 25, 2008, the third installment became exercisable on September 25, 2009. The fourth installment became exercisable September 25, 2010, and the fifth installment becomes exercisable on September 25, 2011.