John R. Loyack - Oct 23, 2021 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role
Director
Signature
John R. Loyack
Stock symbol
DIT
Transactions as of
Oct 23, 2021
Transactions value $
$0
Form type
4
Date filed
10/26/2021, 05:17 PM

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 +67 +2.17% 3.15K Oct 23, 2021 Direct F1
holding DIT Common Stock, par value $.01 per share 30 Oct 23, 2021 By wife

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 -67 -100% $0.00* 0 Oct 23, 2021 Common Stock 67 Direct F1
* 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 a service provider for the issuer 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 200 RSU award on October 23, 2019, October 23, 2020, and October 23, 2021. On the October 23, 2021 vesting date RSUs were settled for 67 shares of common stock.