X0304 4 2012-03-02 0001267130 CABELAS INC CAB 0001416321 Baldwin Charles C/O CABELA'S INCORPORATED ONE CABELA DRIVE SIDNEY, NE 69160 0 1 0 0 Executive Vice President Common Stock 2012-03-02 4 M 0 10000 35.17 A 32782 D Common Stock 2012-03-02 4 F 0 3403 35.17 D 29379 D Common Stock 2012-03-02 4 M 0 1667 35.17 A 31046 D Common Stock 2012-03-02 4 F 0 557 35.17 D 30489 D Common Stock 2012-03-02 4 M 0 1000 35.17 A 31489 D Common Stock 2012-03-02 4 F 0 334 35.17 D 31155 D Common Stock 2012-03-02 4 M 0 2334 35.17 A 33489 D Common Stock 2012-03-02 4 F 0 780 35.17 D 32709 D Common Stock 2012-03-02 4 A 0 1667 35.17 A 34376 D Common Stock 2012-03-02 4 F 0 557 35.17 D 33819 D Common Stock 860 I by 401(k) Plan Stock Option (right to buy) 35.17 2012-03-02 4 A 0 12000 0 A 2020-03-02 Common Stock 12000 12000 D Restricted Stock Units 2012-03-02 4 A 0 3000 0 A Common Stock 3000 3000 D Restricted Stock Units 2012-03-02 4 M 0 10000 0 D Common Stock 10000 0 D Restricted Stock Units 2012-03-02 4 M 0 1667 0 D Common Stock 1667 1666 D Restricted Stock Units 2012-03-02 4 M 0 1000 0 D Common Stock 1000 2000 D Restricted Stock Units 2012-03-02 4 M 0 2334 0 D Common Stock 2334 2332 D Restricted Stock Units 2012-03-02 4 A 0 3333 0 A Common Stock 3333 3333 D Includes 904 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan. These shares were retained by the Company to discharge withholding tax obligations of the Reporting Person and do not constitute an actual sale or other open-market transaction. The number of shares allocated to the Reporting Person under the Issuer's 401(k) Plan is equal to his March 2, 2012, account balance in the Issuer's stock fund divided by the closing price of the Issuer's common stock on March 2, 2012. 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 four equal annual installments beginning on March 2, 2013. Each restricted stock unit represents the contingent right to receive one share of common stock. Restricted stock units granted on March 2, 2012, that vest in four equal annual installments beginning on March 2, 2013. Restricted stock units granted on March 2, 2009, that vest in three equal annual installments beginning on March 2, 2010. Restricted stock units granted on March 2, 2010, that vest in three equal annual installments beginning on March 2, 2011. Restricted stock units granted on March 2, 2011, that vest in three equal annual installments beginning on March 2, 2012. Performance-based restricted stock units ("PBRSUs") granted on March 2, 2010, that vest in three equal annual installments beginning on March 2, 2011, subject to the satisfaction of a performance criteria for the fiscal year ended January 1, 2011. The performance criteria for fiscal 2010 was certified as being met on March 2, 2011, resulting in one-third of the PBRSUs vesting and two-thirds of the PBRSUs becoming a derivative security subject to time vesting. PBRSUs granted on March 2, 2011, that vest in three equal annual installments beginning on March 2, 2012, subject to the satisfaction of a performance criteria for the fiscal year ended December 31, 2011. The performance criteria for fiscal 2011 was certified as being met on March 2, 2012, resulting in one-third of the PBRSUs vesting and two-thirds of the PBRSUs becoming a derivative security subject to time vesting. Brent LaSure, Attorney-in-Fact 2012-03-06