SEC Form 4 · accession 0000928465-16-000015
AMCON DISTRIBUTING CO · DIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Loyack
Director
Period of report
Oct 22, 2016
Accepted (ET)
Oct 24, 2016 · 8:01 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 shareF1 | Oct 22, 2016 | M | 67 | — | A | 2,953 | D | |
| Common Stock, par value $.01 per share | holding | — | — | — | 30 | I | by wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Oct 22, 2016 | M | 67 | D | — | — | Common Stock | 0 | 0 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") give the reporting person the right to receive, subject to being a service provider for the issuer 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 200 RSU award on October 22, 2014, October 22, 2015, and October 22, 2016. On the October 22, 2016 vesting date RSUs were settled for 67 shares of common stock.