| Date | Name | Symbol | Type | Security | Shares | Price | Value | Ownership | Reported |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 3.2k | $48.13 | $152.6k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 5.8k | $50.27 | $289.6k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 8.5k | $44.83 | $380.3k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 12.4k | $40.93 | $509.4k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 15.1k | $38.28 | $578.3k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Stock Appreciation Right | 1.7k | $29.31 | $49.8k | | 12/05/2018 |
| 12/05/2018 | American Railcar Industries, Inc. | ARII | Disposition | Common Stock, $0.01 par value per share | 51 | $70.00 | $3.6k | | 12/05/2018 |
| 03/16/2018 | American Railcar Industries, Inc. | ARII | Grant | Stock Appreciation Rights | 15.1k | $38.28 | $578.3k | | 03/16/2018 |
| 03/07/2017 | American Railcar Industries, Inc. | ARII | Grant | Stock Appreciation Rights | 12.4k | $40.93 | $509.4k | | 03/07/2017 |