Daniel L. Florness - Nov 10, 2021 Form 4 Insider Report for FASTENAL CO (FAST)

Role
CEO and President, Director
Signature
/s/ John Milek, Attorney-in-Fact
Stock symbol
FAST
Transactions as of
Nov 10, 2021
Transactions value $
-$1,635,644
Form type
4
Date filed
11/12/2021, 09:54 AM
Previous filing
Sep 1, 2021
Next filing
Dec 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FAST Common Stock Options Exercise $2.3M +99.9K +44.09% $23.00 326K Nov 10, 2021 Direct
transaction FAST Common Stock Tax liability -$3.93M -66.7K -20.39% $58.92 261K Nov 10, 2021 Direct F3
holding FAST Common Stock 20K Nov 10, 2021 By Family Trust F1
holding FAST Common Stock 9.99K Nov 10, 2021 By 401(K) Plan 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 FAST Employee Stock Option (Right to Buy) Options Exercise $0 -99.9K -49.97% $0.00 100K Nov 10, 2021 Common Stock 99.9K $23.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in a trust for which reporting person's spouse serves as a trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
F2 Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 50 shares acquired since the reporting person's prior holding report filed on 8/12/2021.
F3 This transaction consisted of a 'sell to cover' in which the reporting person exercised 99,868 derivative securities (Employee Stock Options) and sold 66,740 optioned shares to pay the cost and taxes associated with acquiring and holding 33,128 optioned shares.
F4 The option will fully vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half way through the relevant vesting period, and the remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.