SEC Form 4 · accession 0000928465-15-000004
AMCON DISTRIBUTING CO · DIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Charles Plummer
Officer — CFO and Secretary
Period of report
Oct 21, 2015
Accepted (ET)
Oct 23, 2015 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928465
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF2 | Oct 21, 2015 | M | 683 | — | A | 11,075 | D | |
| Common Stock, par value $.01 per shareF3 | Oct 22, 2015 | M | 683 | — | A | 11,758 | D | |
| Common Stock, par value $.01 per shareF4 | Oct 23, 2015 | M | 900 | — | A | 12,658 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Oct 21, 2015 | M | 683 | D | — | — | Common Stock | 1,367 | 1,367 | D |
| Restricted Stock UnitsF3 | — | Oct 22, 2015 | M | 683 | D | — | — | Common Stock | 684 | 684 | D |
| Restricted Stock UnitsF4 | — | Oct 23, 2015 | M | 900 | D | — | — | Common Stock | 0 | 0 | D |
| Restricted Stock UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 2,050 | 2,050 | D |
Explanation of responses
- F1Restricted 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 total original 2,050 RSU award on October 20, 2016, October 20, 2017, and October 20, 2018.
- F2Restricted 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 total original 2,050 RSU award (781 RSUs awarded on October 21, 2014 and 1,269 RSUs awarded on December 19, 2014) on October 21, 2015, October 21, 2016, and October 21, 2017. On the October 21, 2015 vesting date RSUs were settled for 683 shares of common stock.
- F3Restricted 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 2,050 RSU award on October 22, 2014, October 22, 2015, and October 22, 2016. On the October 22, 2015 vesting date RSUs were settled for 683 shares of common stock.
- F4Restricted 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 2,700 RSU award on October 23, 2013, October 23, 2014, and October 23, 2015. On the October 23, 2015 vesting date RSUs were settled for 900 shares of common stock.