X0305 4 2012-05-22 0001267130 CABELAS INC CAB 0001296563 Gottschalk John 533 NORTH 86TH STREET OMAHA, NE 68114 1 0 0 0 Common Stock 2012-05-15 5 G 0 26247 0 D 164164 D Common Stock 2012-05-22 4 S 0 42700 36.73 D 121464 D Common Stock 2012-05-24 4 S 0 31205 36.50 D 90259 D This transaction was effected as part of the Reporting Person's personal financial and estate planning. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.70 to $36.88. The Reporting Person has provided to the Issuer, and undertakes to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $36.54. Brent LaSure, Attorney-in-Fact 2012-05-24