Christopher H. Atayan - Oct 22, 2022 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Signature
Andrew C. Plummer, Attorney-in-Fact for Christopher H. Atayan
Stock symbol
DIT
Transactions as of
Oct 22, 2022
Transactions value $
$0
Form type
4
Date filed
10/25/2022, 05:00 PM
Previous filing
Oct 28, 2021
Next filing
Oct 27, 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 +3.3K +0.88% 378K Oct 22, 2022 Direct F1

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 -3.3K -100% $0.00* 0 Oct 22, 2022 Common Stock 3.3K Direct F1
holding DIT Restricted Stock Units 8.6K Oct 22, 2022 Common Stock 8.6K 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 vested as to one-third of the total original 9,900 RSU award on October 22, 2020, October 22, 2021, and October 22, 2022. On the October 22, 2022 vesting date, RSUs were settled for 3,300 shares of common stock.
F2 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 vested or vest as to one-third of the total original 12,900 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023.