X0202 3 2006-12-01 0 0001277475 GANDER MOUNTAIN CO GMTN 0001287828 BUSSARD MARK A 180 EAST FIFTH STREET SUITE 1300 ST. PAUL MN 55101 0 1 0 0 Sr. V.P., Retail Sales Common Stock 3000 D Common Stock Option (right to buy) 4.47 2012-03-11 Common Stock 5840 D Common Stock Option (right to buy) 4.47 2012-11-03 Common Stock 6960 D Common Stock Option (right to buy) 16.00 2014-04-20 Common Stock 12500 D Common Stock Option (right to buy) 21.45 2014-08-26 Common Stock 3000 D Common Stock Option (right to buy) 11.16 2015-03-14 Common Stock 10000 D Common Stock Option (right to buy) 5.69 2015-11-30 Common Stock 10000 D These options are fully vested. These options are fully vested, however, these options are only exercisable if the appraised value per share (as defined in the option agreement) is at least $32.0625 per share. Vested as to 3,334 shares on November 30, 2006 and vests as to 3,333 shares on each of November 30, 2007 and November 30, 2008. /s/ Jonathan R. Zimmerman on behalf of Mark A. Bussard 2006-12-05