Sec Form 4 Filing - FLORNESS DANIEL L @ FASTENAL CO - 2016-02-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FLORNESS DANIEL L
2. Issuer Name and Ticker or Trading Symbol
FASTENAL CO [ FAST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and President
(Last) (First) (Middle)
2001 THEURER BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
02/26/2016
(Street)
WINONA, MN55987
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2016 M 80,000 A $ 22.5 151,845 D
Common Stock 02/26/2016 S( 3 ) 80,000 D $ 45.1749 71,845 D
Common Stock 02/29/2016 M( 3 ) 30,000 A $ 22.5 101,845 D
Common Stock 3,873 ( 4 ) I Held in 401(K)Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 22.5 02/26/2016 M 80,000 ( 1 ) 05/31/2016 Common Stock 80,000 $ 0 30,000 D
Employee Stock Option (Right to Buy) $ 22.5 02/29/2016 M 30,000 ( 1 ) 05/31/2016 Common Stock 30,000 $ 0 0 D
Employee Stock Option (Right to Buy) $ 54 ( 1 ) 05/31/2021 Common Stock 50,000 50,000 D
Employee Stock Option (Right to Buy) $ 42 ( 2 ) 05/31/2024 Common Stock 19,047 19,047 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FLORNESS DANIEL L
2001 THEURER BOULEVARD
WINONA, MN55987
X CEO and President
Signatures
/s/ John Milek, Attorney-in-Fact 03/01/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The options will fully vest and become exercisable over a period of eight years, with 50% of the options vesting and becoming exercisable half way through the relevant vesting period, and remainder vesting and becoming exercisable proportionately each year thereafter.
( 2 )The options will fully vest and become exercisable over a period of five years, with 50% of the options vesting and becoming exercisable half way through the relevant vesting period, and remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.
( 3 )Similar to the transaction reported in his Form 4 filed on 2/9/2016, reporting person exercised 80,000 stock options on 2/26/2016 and the subsequent sale of the underlying securities resulted in net proceeds of approximately $937,000 (after typical deductions, tax and fees). The net proceeds (received on settlement), plus approximately $67,000 of new funds from the reporting person, were subsequently used by the reporting person to exercise and hold 30,000 shares of issuer's securities on 2/29/2016.
( 4 )Shares attributed to reporting person's account within the issuer's 401(K) Plan as of February 26, 2016.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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