Charles J. Schmaderer - 22 Oct 2022 Form 4 Insider Report for AMCON DISTRIBUTING CO (DIT)

Role: VP, CFO & SECRETARY
Signature: Charles J. Schmaderer
Issuer symbol: DIT
Transactions as of: 22 Oct 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Oct 2022, 17:02:29 UTC
Previous filing: 24 Mar 2022
Next filing: 27 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	Options Exercise		+167	+4%		4,316	22 Oct 2022	Direct	F1

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	-100%	$0.000000^*	0	22 Oct 2022	Common Stock	167		Direct	F1
holding	DIT	Restricted Stock Units						334	22 Oct 2022	Common Stock	334		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 as to one-third of the original 500 RSU award on October 22, 2020, October 22, 2021 and October 22, 2022. On the October 22, 2022 vesting date, RSUs were settled for 167 shares of common stock.
F2	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.

Content

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 as to one-third of the original 500 RSU award on October 22, 2020, October 22, 2021 and October 22, 2022. On the October 22, 2022 vesting date, RSUs were settled for 167 shares of common stock.

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.