Andrew C. Plummer - Oct 26, 2021 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role: President and COO, Director
Signature: Andrew C. Plummer
Stock symbol: DIT
Transactions as of: Oct 26, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/28/2021, 04:28 PM
Previous filing: Oct 26, 2021
Next filing: Oct 25, 2022

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	+2.05K	+8.44%	$0.00	26.3K	Oct 26, 2021	Direct	F1
transaction	DIT	Common Stock, par value $.01 per share	Options Exercise		+1.67K	+6.33%		28K	Oct 27, 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	-1.67K	-33.32%	$0.00	3.33K	Oct 27, 2021	Common Stock	1.67K		Direct	F2
holding	DIT	Restricted Stock Units						684	Oct 26, 2021	Common Stock	684		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 2,050 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 original 5,000 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2021 vesting date RSUs were settled for 1,666 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 2,050 RSU award on October 22, 2020, October 22, 2021, and October 22, 2022.