Charles J. Schmaderer - Mar 23, 2022 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Signature
/s/ Charles J. Schmaderer
Stock symbol
DIT
Transactions as of
Mar 23, 2022
Transactions value $
$173,590
Form type
4
Date filed
3/24/2022, 04:10 PM
Previous filing
Oct 28, 2021
Next filing
Oct 25, 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 Options Exercise $40.5K +500 +23.27% $81.03 2.65K Mar 23, 2022 Direct
transaction DIT Common Stock, par value $.01 per share Options Exercise $45.8K +500 +18.88% $91.65 3.15K Mar 23, 2022 Direct
transaction DIT Common Stock, par value $.01 per share Options Exercise $45.3K +500 +15.88% $90.50 3.65K Mar 23, 2022 Direct
transaction DIT Common Stock, par value $.01 per share Options Exercise $42K +500 +13.7% $84.00 4.15K Mar 23, 2022 Direct

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 Stock Option (Right to Buy) Options Exercise $0 -500 -100% $0.00* 0 Mar 23, 2022 Common Stock 500 $81.03 Direct F3
transaction DIT Stock Option (Right to Buy) Options Exercise $0 -500 -100% $0.00* 0 Mar 23, 2022 Common Stock 500 $91.65 Direct F4
transaction DIT Stock Option (Right to Buy) Options Exercise $0 -500 -100% $0.00* 0 Mar 23, 2022 Common Stock 500 $90.50 Direct F5
transaction DIT Stock Option (Right to Buy) Options Exercise $0 -500 -100% $0.00* 0 Mar 23, 2022 Common Stock 500 $84.00 Direct F6
holding DIT Restricted Stock Units 167 Mar 23, 2022 Common Stock 167 Direct F1
holding DIT Restricted Stock Units 334 Mar 23, 2022 Common Stock 334 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 22, 2020, October 22, 2021 and October 22, 2022.
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.
F3 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.
F4 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.
F5 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, except that the vesting of the last installment was accelerated to November 11, 2021 by action of the Issuer's board of directors.
F6 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, except that the vesting of the last two installments was accelerated to November 11, 2021 by action of the Issuer's board of directors.