Charles J. Schmaderer - Oct 22, 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 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/26/2021, 05:15 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		+167	+21.8%		933	Oct 22, 2021	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	-167	-50%	$0.00	167	Oct 22, 2021	Common Stock	167		Direct	F1
holding	DIT	Restricted Stock Units						500	Oct 22, 2021	Common Stock	500		Direct	F2
holding	DIT	Stock Option (Right to Buy)						500	Oct 22, 2021	Common Stock	500	$81.03	Direct	F3
holding	DIT	Stock Option (Right to Buy)						500	Oct 22, 2021	Common Stock	500	$91.65	Direct	F4
holding	DIT	Stock Option (Right to Buy)						500	Oct 22, 2021	Common Stock	500	$90.50	Direct	F5
holding	DIT	Stock Option (Right to Buy)						500	Oct 22, 2021	Common Stock	500	$84.00	Direct	F6

* 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. On the October 22, 2021 vesting date RSUs were settled for 167 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 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.
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.