STURM RUGER & CO INC — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2012-02-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-28	Common Stock (Right to Buy)	$	A	15393	Acquired	2021-11-08	Common Stock (15393)	Direct
2012-02-28	Common Stock (Right to Buy)	$0	A	50000	Acquired	2016-01-01	Common Stock (50000)	Direct

Footnotes

F1: Restricted stock units subject to performance-based, time-based and other conditions of the award.

F2: Securities convert to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.

F3: On February 28, 2012, four business days following the release of the Company's 2011 earnings on Form 10-K, the performance-based vesting conditions for RSUs awarded in four quarterly tranches in 2011 were determined to have been met. The awards remain subject to a three-year time-based cliff vesting trigger which will be satisfied on March 1, 2014. The quarterly awards expire not later than ten years from their date of grant.

F4: 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.