Christopher H. Atayan - 26 Oct 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
Issuer symbol
DIT
Transactions as of
26 Oct 2021
Transactions value $
$0
Form type
4
Date filed
28 Oct 2021, 16:25
Previous filing
26 Oct 2021
Next filing
25 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIT Common Stock, par value $.01 per share Award $0 +9.9K +2.75% $0.00 370K 26 Oct 2021 Direct F1
transaction DIT Common Stock, par value $.01 per share Options Exercise +4.3K +1.16% 375K 27 Oct 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 -4.3K -33.33% $0.00 8.6K 27 Oct 2021 Common Stock 4.3K Direct F2
holding DIT Restricted Stock Units 3.3K 26 Oct 2021 Common Stock 3.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Awards ("RSAs") vest as to one-third of the total original 9,900 RSA award on October 26, 2022, October 26, 2023, and October 26, 2024, subject to earlier forfeiture under certain circumstances.
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 12,900 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2021 vesting date RSUs were settled for 4,300 shares of common stock.
F3 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.