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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1287213	Douglas Dynamics Inc	PLOW	Construction Machinery & Equip (3531)	134275891

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1489479	Mark Adamson	C/O Douglas Dynamics, Inc. 7777 North 73Rd Street Milwaukee WI 53223	Vp, Sales And Marketing	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-01-03	8,774	$0.00	10,855	No	4	A	Direct
Common Stock	Disposition	2011-01-05	415	$14.90	10,440	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$4.21		2017-08-27	79,511	79,511	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-08-27	79,511	79,511	Direct

Footnotes

Includes 3,098 shares that will vest in two equal annual installments beginning on January 3, 2012 and 4,644 shares that will vest in three equal annual installments beginning on January 3, 2012.
The price in Column 4 is a weighted average price. The prices actually received ranged from $14.85 to $14.99. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
The option is exercisable at any time in respect of 79,511 of the underlying shares. With respect to the other 47,500 underlying shares, 23,750 will vest and become exercisable on each of August 27, 2011, and August 27, 2012.