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

Role: President and COO, Director
Signature: Andrew C. Plummer
Issuer symbol: DIT
Transactions as of: 26 Oct 2021
Transactions value $: $0
Form type: 4
Filing time: 28 Oct 2021, 16:28:28 UTC
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	+2,050	+8.44%	$0.000000	26,325	26 Oct 2021	Direct	F1
transaction	DIT	Common Stock, par value $.01 per share	Options Exercise		+1,666	+6.33%		27,991	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	-1,666	-33.3%	$0.000000	3,334	27 Oct 2021	Common Stock	1,666		Direct	F2
holding	DIT	Restricted Stock Units						684	26 Oct 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.