X0202 4 2007-05-15 0001267130 CABELAS INC CAB 0001292773 SNYDER PATRICK A C/O CABELA'S INCORPORATED ONE CABELA DRIVE SIDNEY, NE 69160 0 1 0 0 Senior Vice President Common Stock (voting) 216520 D Common Stock (voting) 12351 I by 401(k) Plan Common Stock (voting) 22020 I by GRAT Common Stock (voting) 3734 I by Spouse (through 401(k) Plan) Stock Option (right to buy) 22.37 2007-05-15 4 A 0 35000 0 A 2015-05-15 Common Stock (voting) 35000 35000 D The number of shares allocated to the Reporting Person's spouse under the Issuer's 401(k) Plan is equal to her May 15, 2007 account balance in the Issuer's stock fund divided by the closing price of the Issuer's voting common stock on May 15, 2007. The Issuer's stock fund in its 401(k) Plan is unitized for those participants holding unrestricted stock and as such does not itself allocate a specific number of shares to participants. The option vests in three equal annual installments beginning on May 15, 2008. The derivative security is a stock option granted under the Issuer's 2004 Stock Plan. $0 has been entered to satisfy the requirement to submit this Form 4 via the EDGAR system. Brent LaSure, Attorney-in-Fact 2007-05-17