Charles J. Schmaderer - Oct 26, 2021 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role
VP, CFO & Secretary
Signature
Charles J. Schmaderer
Stock symbol
DIT
Transactions as of
Oct 26, 2021
Transactions value $
$0
Form type
4
Date filed
10/28/2021, 04:38 PM
Previous filing
Oct 26, 2021
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIT Common Stock, par value $.01 per share Award $0 +1.05K +112.54% $0.00 1.98K Oct 26, 2021 Direct F1
transaction DIT Common Stock, par value $.01 per share Options Exercise +166 +8.37% 2.15K Oct 27, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DIT Restricted Stock Units Options Exercise $0 -166 -33.2% $0.00 334 Oct 27, 2021 Common Stock 166 Direct F2
holding DIT Restricted Stock Units 167 Oct 26, 2021 Common Stock 167 Direct F3
holding DIT Stock Option (Right to Buy) 500 Oct 26, 2021 Common Stock 500 $81.03 Direct F4
holding DIT Stock Option (Right to Buy) 500 Oct 26, 2021 Common Stock 500 $91.65 Direct F5
holding DIT Stock Option (Right to Buy) 500 Oct 26, 2021 Common Stock 500 $90.50 Direct F6
holding DIT Stock Option (Right to Buy) 500 Oct 26, 2021 Common Stock 500 $84.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Awards ("RSAs") vest as to one-third of the total original 1,050 RSA award on October 26, 2022, October 26, 2023, and October 26, 2024, subject to earlier forfeiture under certain circumstances.
F2 Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vest as to one-third of the original 500 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2021 vesting date RSUs were settled for 166 shares of common stock.
F3 RSUs give the reporting person the right to receive, subject to being employed on the applicable vesting date, (i) cash equal to the per share Fair Market Value of common stock on the vesting date times the number of shares underlying the RSUs then vesting or (ii) common stock equal to the number of shares underlying the RSUs then vesting, as elected by the reporting person. Subject to earlier forfeiture under certain circumstances, these RSUs vest as to one-third of the original 500 RSU award on October 22, 2020, October 22, 2021 and October 22, 2022.
F4 This option vests in five equal annual installments of 100 shares on each of January 27, 2016, January 27, 2017, January 27, 2018, January 27, 2019 and January 27, 2020.
F5 This option vests in five equal annual installments of 100 shares on each of October 25, 2017, October 25, 2018, October 25, 2019, October 25, 2020 and October 25, 2021.
F6 This option vests in five equal annual installments of 100 shares on each of October 24, 2018, October 24, 2019. October 24, 2020, October 24, 2021 and October 24, 2022.
F7 This option vests in five equal annual installments of 100 shares on each of October 23, 2019, October 23, 2020. October 23, 2021, October 23, 2022 and October 23, 2023.