X0303 4 2011-05-20 0 0001062449 BUFFALO WILD WINGS INC BWLD 0001268907 SHOULAK JUDITH A 5500 WAYZATA BLVD SUITE 1600 MINNEAPOLIS MN 55416 0 1 0 0 Exec VP Global Operations & HR Common Stock 2011-05-20 4 S 0 1000 62.96 D 12517 D Common Stock 2011-05-20 4 S 0 2000 62.1605 D 10517 D Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2010. Includes 319 shares acquired under the Company's employee stock purchase plan on May 15, 2011. Reflects the weighted average price of 2,000 shares of common stock of Buffalo Wild Wings, Inc. sold by the reporting person in multiple transactions on May 20, 2011 with sale prices ranging from $62.14 to $62.19 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. /s/ Erik J. Romslo, as Attorney-in-Fact for Judith A. Shoulak 2011-05-24