Exhibit (a)(1)(C)
AMERICAN RAILCAR INDUSTRIES, INC.
ELECTION FORM
The exchange offer and withdrawal rights expire at
11:59 p.m., Eastern Time, on May 14, 2010,
unless the offer is extended.
INSTRUCTIONS TO ELECTION FORM
1. DEFINED TERMS. All terms used in this Election Form but not defined have the
meaning given them in the exchange offer, dated April 19, 2010. References in this Election
Form to “ARI,” “we,” “us,” “our,” and “ours” mean American Railcar Industries, Inc.
2. EXPIRATION DATE. The exchange offer and any rights to tender or to
withdraw a tender of eligible SARs expire at 11:59 p.m., Eastern Time, on May 14,
2010 , unless the exchange offer is extended.
3. DELIVERY OF ELECTION FORM. If you intend to tender eligible stock
appreciation rights (“SARs”) under the exchange offer, a properly completed and signed
copy of this Election Form must be received by ARI before 11:59 p.m., Eastern Time,
on May 14, 2010 (or such later date as may apply if the exchange offer is extended) by one
of the following means:
By Mail or Courier
American Railcar Industries, Inc.
100 Clark Street
St. Charles, Missouri 63301
Attention: Michael Obertop, Secretary
Phone: (636) 940-6054
By Facsimile
American Railcar Industries, Inc.
Attention: Michael Obertop, Secretary
Facsimile: (636) 940-6044
By Hand or Interoffice Mail
Attention: Michael Obertop, Secretary
By Email (By PDF or similar imaged document file)
mobertop@americanrailcar.com
Your Election Form will be effective only upon receipt by us. ARI will accept delivery
of the signed Election Form only by one of the methods of delivery described above. The
method of delivery is at your own option and risk. You are responsible for making sure that
the Election Form is delivered to the person indicated above. You must allow for delivery
time based on the method of delivery that you choose to ensure that we receive your
Election Form on time.
You are