Christopher H. Atayan - Oct 22, 2021 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: Andrew C. Plummer, Attorney-in-Fact for Christopher H. Atayan
Stock symbol: DIT
Transactions as of: Oct 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/26/2021, 05:14 PM
Next filing: Oct 28, 2021

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	+0.93%		357K	Oct 22, 2021	Direct	F1
transaction	DIT	Common Stock, par value $.01 per share	Options Exercise		+3.3K	+0.92%		360K	Oct 23, 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	-3.3K	-50%	$0.00	3.3K	Oct 22, 2021	Common Stock	3.3K		Direct	F1
transaction	DIT	Restricted Stock Units	Options Exercise	$0	-3.3K	-100%	$0.00^*	0	Oct 23, 2021	Common Stock	3.3K		Direct	F2
holding	DIT	Restricted Stock Units						12.9K	Oct 22, 2021	Common Stock	12.9K		Direct	F3

* 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 total original 9,900 RSU award on October 22, 2020, October 22, 2021, and October 22, 2022. On the October 22, 2021 vesting date RSUs were settled for 3,300 shares of common stock.
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 total original 9,900 RSU award on October 23, 2019, October 23, 2020, and October 23, 2021. On the October 23, 2021 vesting date RSUs were settled for 3,300 shares of common stock.
F3	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 total original 12,900 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023.