<SEC-DOCUMENT>0001181431-12-033689.txt : 20120531
<SEC-HEADER>0001181431-12-033689.hdr.sgml : 20120531
<ACCEPTANCE-DATETIME>20120531165155
ACCESSION NUMBER:		0001181431-12-033689
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120529
FILED AS OF DATE:		20120531
DATE AS OF CHANGE:		20120531

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STACK EDWARD W
		CENTRAL INDEX KEY:			0001198911

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31463
		FILM NUMBER:		12880932

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DICKS SPORTING GOODS INC
		CENTRAL INDEX KEY:			0001089063
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				161241537
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		345 COURT STREET
		CITY:			CORAOPOLIS
		STATE:			PA
		ZIP:			15108
		BUSINESS PHONE:		7242733400

	MAIL ADDRESS:	
		STREET 1:		345 COURT STREET
		CITY:			CORAOPOLIS
		STATE:			PA
		ZIP:			15108
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>4
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    <schemaVersion>X0305</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-05-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001089063</issuerCik>
        <issuerName>DICKS SPORTING GOODS INC</issuerName>
        <issuerTradingSymbol>DKS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001198911</rptOwnerCik>
            <rptOwnerName>STACK EDWARD W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>345 COURT STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CORAOPOLIS</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>15108</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and Chief Exec. Off.</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2012-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>380000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.44</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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        <nonDerivativeTransaction>
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                <value>Common Stock, par value $.01 per share</value>
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                <value>2012-05-29</value>
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                <transactionCode>S</transactionCode>
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                    <value>380000</value>
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                <transactionPricePerShare>
                    <value>47.3284</value>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2012-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>G</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>663870</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By grantor retained annuity trust</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1404062</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By trust</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
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                <sharesOwnedFollowingTransaction>
                    <value>1970436</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By trust</value>
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                    <footnoteId id="F7"/>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2204461</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By trust</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F8"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2366248</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By trust</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F9"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.44</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2012-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>380000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-10-21</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-10-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>380000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1845852</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Pursuant to a Memorandum of Understanding (&quot;MOU&quot;) dated the 2nd day of March, 2009, Mr. Stack's former spouse is entitled to receive the economic benefit with respect to certain stock options exercisable for shares of common stock (the number of shares would be equitably adjusted for any stock split, recapitalization or similar event), which includes the right to request the exercise and/or sale of such stock options in accordance with the Company's applicable policies, Section 16(b) limitations and the terms of the MOU. Mr. Stack maintains voting power with respect to any such stock underlying these options when such option is exercised. One-half of the net after tax proceeds associated with the exercise and sale of shares underlying the vested stock option has been transferred in accordance with the terms of the MOU.</footnote>
        <footnote id="F2">Amount includes 10,011,006 shares of Class B common stock (the &quot;Class B Common Stock&quot;), which is not registered under the Securities Exchange Act of 1934, as amended.  Holders of Class B Common Stock have identical rights to holders of common stock, except that holders of Class B Common Stock are entitled to 10 votes for each share held of record.  Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of common stock.</footnote>
        <footnote id="F3">Amounts reflect a shift from indirect to direct ownership of 1,798,341 shares of Class B Common Stock, which had been held by the Edward W. Stack Grantor Retained Annuity Trusts referenced in footnotes 5 through 9 below, and were transferred to Mr. Stack on May 29, 2012 to satisfy annuity payment obligations under each of the Grantor Retained Annuity Trusts.</footnote>
        <footnote id="F4">Represents the weighted average of multiple sales transactions ranging in price from $47.25-$47.4750. The reporting person agrees to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or a security holder of the Company.</footnote>
        <footnote id="F5">On May 26, 2010, the reporting person contibuted 2,525,000 shares of Class B Common Stock to the Edward W. Stack Grantor Retained Annuity Trust I for the benefit of himself and his children.  Thereafter, 1,861,130 shares were transferred to the reporting person on September 7, 2011 and May 29, 2012 to satisfy required annuity payments, which shares are currently reported as being directly owned.  Upon termination of the grantor retained annuity trust on May 29, 2012, the remaining 663,870 shares were transferred to the Edward W. Stack Irrevocable Trust, in which the reporting person has neither a direct nor indirect beneficial ownership interest.</footnote>
        <footnote id="F6">These shares are held by the Edward W. Stack Grantor Retained Annuity Trust II.</footnote>
        <footnote id="F7">These shares are held by the Edward W. Stack Grantor Retained Annuity Trust III.</footnote>
        <footnote id="F8">These shares are held by the Edward W. Stack Grantor Retained Annuity Trust IV.</footnote>
        <footnote id="F9">These shares are held by the Edward W. Stack Grantor Retained Annuity Trust V.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Edward W. Stack</signatureName>
        <signatureDate>2012-05-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
