STURM RUGER & CO INC — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2011-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-01	Common Stock	A	8532	—	Acquired	153951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-01	Common Stock (Right to Buy)	$0	A	150000	Acquired	2016-01-01	Common Stock (150000)	Direct

Footnotes

F1: On March 1, 2011, four business days following the release of the Company's 2010 earnings, vesting conditions for 14,573 performance-based RSUs awarded in 2010 were met, resulting in the immediate issuance of an equivalent number of shares of Common Stock which became reportable for Section 16 purposes. 6,041 shares were withheld in payment of tax obligations from the total shares issuable, resulting in the net amount of shares shown reported above.

F2: Shares are held jointly with spouse.

F3: Time-based retention restricted stock unit award subject to cliff vesting based on continuous service with the Company through December 31, 2015 and other terms of the award.

F4: Securities convert to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.