Charles J. Schmaderer - Oct 25, 2022 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Signature
/s/ Charles J. Schmaderer
Stock symbol
DIT
Transactions as of
Oct 25, 2022
Transactions value $
$0
Form type
4
Date filed
10/27/2022, 05:02 PM
Previous filing
Oct 25, 2022
Next filing
Oct 26, 2023

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 +1.05K +24.33% $0.00 5.37K Oct 25, 2022 Direct F1
transaction DIT Common Stock, par value $.01 per share Options Exercise +167 +3.11% 5.53K Oct 27, 2022 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 -167 -50% $0.00 167 Oct 27, 2022 Common Stock 167 Direct F2
* 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 1,050 RSA award on October 25, 2023, October 25, 2024 and October 25, 2025, 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 vested or vest as to one-third of the original 500 RSU award on October 27, 2021, October 27, 2022, and October 27, 2023. On the October 27, 2022 vesting date, RSUs were settled for 167 shares of common stock.