X0306 4 2014-08-29 0 0000030302 ALCO STORES INC ALCS 0001578326 Clemente Ricardo A. 401 COTTAGE STREET ABILENE KS 67410 0 1 0 0 SVP-Stores and HR Common Stock 2014-08-29 4 C 0 1875 0 A 2500 D Restricted STock 0 2014-08-29 4 C 0 1875 0 D Common Stock 1875 0 D Stock Option (right to buy 3/28/12) 8.9 2014-08-29 2017-03-28 Common Stock 5000 5000 D Stock Option (right to buy 5/24/12) 9.31 2014-08-29 2023-05-24 Common Stock 7500 7500 D Stock Option (right to buy 6/16/14) 8.31 2014-08-29 2024-06-16 Common Stock 10000 10000 D Pursuant to the terms of the Company's 2012 Equity Incentive Plan and the Restricted Stock Agreement entered into in accordance with the terms of such Plan, the election of seven new directors at the Company's Annual Meeting of Stockholders on August 29, 2014 constituted a "Change of Control" event, which automatically accelerated the vesting of the restricted stock. The restricted stock does not have an expiration date. Pursuant to the terms of the Company's 2012 Equity Incentive Plan and the Incentive Stock Option Agreements and the Time Based Incentive Stock Option Agreement entered into in accordance with the terms of such plans, the election of seven new directors at the Company's Annual Meeting of Stockholders on August 29, 2014 constituted a "Change of Control" event, which automatically accelerated the vesting of the stock options. /s/ Ricardo A. Clemente 2014-09-15