X0304 4 2012-01-17 0001267130 CABELAS INC CAB 0001292777 CABELA MARY A C/O CABELA'S INCORPORATED ONE CABELA DRIVE SIDNEY, NE 69160 0 0 1 0 Common Stock 2012-01-17 4 S 0 5000 25.13 D 9742 D Common Stock 6805564 I by Cabela's Family, LLC Common Stock 158680 I by Spouse Common Stock 189802 I by M. A. Cabela 2002 Irrevocable Annuity Trust dated May 8, 2002 Common Stock 12580 I by Spouse (through 401(k) Plan) This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 13, 2010, as amended on November 4, 2010. The Rule 10b5-1 trading plan was entered into as part of Mr. and Mrs. Cabela's personal financial and estate planning. Includes 10,000 shares of common stock of the Issuer that the Reporting Person reported as indirectly beneficially owned through the Reporting Person's spouse in prior reports. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein. Brent LaSure, Attorney-in-Fact 2012-01-18