Daniel L. Florness - Dec 9, 2021 Form 4 Insider Report for FASTENAL CO (FAST)

Role
CEO and President, Director
Signature
/s/ John Milek, Attorney-in-Fact
Stock symbol
FAST
Transactions as of
Dec 9, 2021
Transactions value $
-$920,835
Form type
4
Date filed
12/10/2021, 03:20 PM
Previous filing
Dec 1, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FAST Common Stock Options Exercise $1.15M +50K +19.18% $23.00 311K Dec 9, 2021 Direct
transaction FAST Common Stock Tax liability -$2.07M -32.7K -10.54% $63.27 278K Dec 9, 2021 Direct F3
holding FAST Common Stock 20K Dec 9, 2021 By Family Trust F1
holding FAST Common Stock 10K Dec 9, 2021 By 401(K) Plan 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 FAST Employee Stock Option (Right to Buy) Options Exercise $0 -50K -50% $0.00 50K Dec 9, 2021 Common Stock 50K $23.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in a trust for which reporting person's spouse serves as a trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
F2 Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 46 shares acquired since the reporting person's prior holding report filed on 11/12/2021.
F3 This transaction consisted of a 'sell to cover' in which the reporting person exercised 50,000 derivative securities (Employee Stock Options) and sold 32,728 optioned shares to pay the cost and taxes associated with acquiring and holding 17,272 optioned shares.
F4 The option will fully vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half way through the relevant vesting period, and the remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.