STURM RUGER & CO INC — Director's Dealing 2014

Mar 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STURM RUGER & CO INC (RGR)
CIK: 0000095029
Period of Report: 2014-03-03

Reporting Person: Lang Mark (Group Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-03	Common Stock	M	7389	$63.74	Acquired	10906	Direct
2014-03-03	Common Stock	F	3477	$63.74	Disposed	5186	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-03	Common Stock (Right to Buy)	$	M	7389	Disposed	2021-11-08	Common Stock (7389)	Direct
2014-03-03	Common Stock (Right to Buy)	$0	A	3181	Acquired	2023-03-05	Common Stock (3181)	Direct

Footnotes

F1: Conversion of restricted stock units upon achievement of time-based vesting requirements, with payroll taxes related to the conversion paid in shares.

F2: The balance shown reflects the transfer, since the date of Mr. Lang's last ownership report, of 3,224 shares of Common Stock to his former wife pursuant to a domestic relations order. Mr. Lang no longer reports as beneficially owned any Common Stock held by his former wife.

F3: Securities converted to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.

F4: Restricted Stock Units subject to performance-based, time-based and other conditions of the award.

F5: Securities convert to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.

F6: On March 3, 2014, four business days following the release of the Company's 2013 earnings, the performance-based vesting trigger for the performance-based RSUs awarded in 2013 was determined to have been met, and the awards became reportable for Section 16 purposes. The awards remain subject to a three-year cliff vesting trigger which will be satisfied on March 5, 2016. The awards expire no less than 10 years from their date of grant.