Douglas Dynamics, Inc. Annual report pursuant to Section 13 and 15(d)

Employee Stock Plans (Tables)

12 Months Ended

Dec. 31, 2015




		Weighted		Weighted
		Average		Average
		Grant		Remaining
		Date		Contractual
	Shares	Fair value		Term


Unvested at December 31, 2012	208,823	$	12.63	1.94	years
Granted	44,022		14.78	2.00	years
Vested	(82,942)		12.97
Cancelled and forfeited	—		—
Unvested at December 31, 2013	169,903		13.03	1.34	years
Granted	—		—	—
Vested	(84,882)		13.05
Cancelled and forfeited	—		—
Unvested at December 31, 2014	85,021	13.02		0.51	years
Granted	—		—	—
Vested	(70,320)		12.65
Cancelled and forfeited	—		—

Unvested at December 31, 2015	14,701	$	14.78	0.01	years

Expected to vest in the future at December 31, 2015	14,701	$	14.78	0.01	years



				Weighted
		Weighted		Average
		Average		Remaining
		Grant		Contractual
		Date
	Shares	Fair value		Term

Unvested at December 31, 2012	26,046	$	14.73	0.72	years
Granted	70,324		14.52	0.82	years
Vested	(53,022)		14.68
Cancelled and forfeited	—		—
Unvested at December 31, 2013	43,348		14.46	1.55	years
Granted	140,291		15.29	0.73	years
Vested	(102,016)		15.13
Cancelled and forfeited	—		—
Unvested at December 31, 2014	81,623		15.05	1.09	years
Granted	116,141		18.72	0.40	years
Vested	(147,217)		16.51
Cancelled and forfeited	(1,882)		15.82

Unvested at December 31, 2015	48,665	$	17.33	1.00	years

Expected to vest in the future at December 31, 2015	46,913	$	17.33	1.00	years