SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* LUNDQUIST NICHOLAS J (Last) (First) (Middle) 2001 THEURER BOULEVARD (Street) WINONA MN 55987 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol FASTENAL CO [ FAST ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice-President
	3. Date of Earliest Transaction (Month/Day/Year) 05/24/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	05/24/2011		P		3,400(1)	A	$32.55	116,000(2)	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. These shares were acquired by the reporting person's spouse who purchased directly 3000 shares of issuer's common stock and purchased 400 shares of issuer's common stock for the custodian account of the reporting person's children, which the reporting person is a custodian. After this transaction, the reporting person's spouse holds 15,000 shares of issuer's common stock and the custodian account of the reporting person's children holds 10,000 shares of issuer's common stock. The reporting person disclaims beneficial ownership of the shares reported under this footnote. The amounts reported within this footnote reflect the issuers stock split effective on May 20, 2011.

2. As noted in footnote 1, the reporting person's spouse holds an additional 15,000 shares of issuer's common stock and the reporting person holds an additional 10,000 shares of issuer's common stock as custodian for his children. The reporting person disclaims beneficial ownership of these shares. Also, the reporting person holds stock options to acquire an additional 190,000 shares of issuers common stock and approximately 2,758 shares are attributed to the reporting person's 401(k) plan as of December 31, 2010. The amounts reported within this footnote (excluding the shares in the 401(k) plan) reflect the issuers stock split effective May 20, 2011.

	/s/ John Milek, Attorney-in-Fact	05/25/2011
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.