BENTELE RAYMOND F 4/A
4/A · AMCON DISTRIBUTING CO · Filed Oct 25, 2019
Insider Transaction Report
Form 4/AAmended
BENTELE RAYMOND F
Director
Transactions
- Exercise/Conversion
Common Stock, par value $.01 per share
2019-10-23+66→ 2,229 total - Exercise/Conversion
Restricted Stock Units
2019-10-23−66→ 134 total→ Common Stock (134 underlying)
Footnotes (2)
- [F1]Restricted 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 23, 2019, October 23, 2020, and October 23, 2021. On the October 23, 2019 vesting date RSUs were settled for 66 shares of common stock.
- [F2]The original Form 4 which was filed on October 25, 2019 (the same day as this Form 4), is being amended by this Form 4 amendment solely to correct an administrative error which mistakenly reported a transaction for 66 RSUs which were originally reported in Table II as "Acquired" rather than its correct transaction description as a "Disposal". No other items from the original Form 4 have been changed or amended.