X0303 4 2010-01-14 0 0001277475 GANDER MOUNTAIN CO GMTN 0001355719 Erickson Brian A 4567 AMERICAN BOULEVARD WEST MINNEAPOLIS MN 55437 0 0 1 0 Common Stock 2010-01-14 4 J 0 2428847.011 5.15 A 9964703.011 I By Holiday Stationstores, Inc. Common Stock 1042174.926 I By Holiday/GMTN Family LLC On January 14, 2010, the Issuer effected a reverse stock split after which any shareholder that held less than one share will receive $5.15 for each pre-split share. Pursuant to an agreement between Holiday and the Issuer, Holiday funded a portion of these cash payments in the amount of $12,508,701.15, and the Issuer has agreed to issue Holiday shares equal to this funding amount divided by $5.15 (2,428,847.011 shares). The reporting person disclaims beneficial ownership of the shares held by Holiday Stationstores, Inc. ("Holiday") and Holiday/GMTN Family LLC except to the extent of the reporting person's economic interest in these shares. Certain individuals, including the reporting person, transferred an aggregate of 1,042,174.926 shares of the Issuer's Common Stock to Holiday/GMTN Family LLC in exchange for the same number of units of Holiday/GMTN Family LLC. The aggregate number of shares transferred was incorrectly reported as 1,392,520.802 in a Form 4 filed by the reporting person on January 19, 2010. /s/ Jonathan R. Zimmerman on behalf of Brian A. Erickson 2010-02-01