Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Castner Ralph W	2. Issuer Name and Ticker or Trading Symbol CABELAS INC [ CAB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) Executive Vice President & CFO
(Last)          (First)          (Middle) C/O CABELA'S INCORPORATED, ONE CABELA DRIVE	3. Date of Earliest Transaction (MM/DD/YYYY) 3/2/2017
(Street) SIDNEY,, NE 69160 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	3/2/2017		M		593	A	$47.66	286523   (1)	D
Common Stock	3/2/2017		M		507	A	$47.66	287030	D
Common Stock	3/2/2017		M		525	A	$47.66	287555	D
Common Stock	3/2/2017		M		625	A	$47.66	288180	D
Common Stock	3/2/2017		M		1779	A	$47.66	289959	D
Common Stock	3/2/2017		M		1513	A	$47.66	291472	D
Common Stock	3/2/2017		M		1557	A	$47.66	293029	D
Common Stock	3/2/2017		A		2125	A	$47.66	295154	D
Common Stock								111981	I	by Castner Family, LLC
Common Stock								1104   (2)	I	by 401(k) Plan

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	3/2/2017		M			593	(4)	(4)	Common Stock	593	$0	0	D
Restricted Stock Units	(3)	3/2/2017		M			507	(5)	(5)	Common Stock	507	$0	504	D
Restricted Stock Units	(3)	3/2/2017		M			525	(6)	(6)	Common Stock	525	$0	1050	D
Restricted Stock Units	(3)	3/2/2017		M			625	(7)	(7)	Common Stock	625	$0	1875	D
Restricted Stock Units	(3)	3/2/2017		M			1779	(8)	(8)	Common Stock	1779	$0	0	D
Restricted Stock Units	(3)	3/2/2017		M			1513	(9)	(9)	Common Stock	1513	$0	1511	D
Restricted Stock Units	(3)	3/2/2017		M			1557	(10)	(10)	Common Stock	1557	$0	3111	D
Restricted Stock Units	(3)	3/2/2017		A		6375		(11)	(11)	Common Stock	6375	$0	6375	D

Explanation of Responses:
( 1)	Includes 14,961 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan.
( 2)	Includes 119 shares of common stock and 985 shares of common stock held in the Issuer's stock fund. The number of shares allocated to the Reporting Person in the Issuer's stock fund is equal to his March 2, 2017, account balance in the Issuer's stock fund divided by the closing price of the Issuer's common stock on March 2, 2017. The Issuer's stock fund in its 401(k) Plan is unitized and as such does not itself allocate a specific number of shares to participants.
( 3)	Each restricted stock unit represents the contingent right to receive one share of common stock.
( 4)	Restricted stock units granted on March 2, 2013, that vest in four equal annual installments beginning on March 2, 2014.
( 5)	Restricted stock units granted on March 2, 2014, that vest in four equal annual installments beginning on March 2, 2015.
( 6)	Restricted stock units granted on March 2, 2015, that vest in four equal annual installments beginning on March 2, 2016.
( 7)	Restricted stock units granted on March 2, 2016, that vest in four equal annual installments beginning on March 2, 2017.
( 8)	Performance-based restricted stock units ("PBRSUs") granted on March 2, 2013, that vest in four equal annual installments beginning on March 2, 2014, subject to the satisfaction of a performance criteria for the fiscal year ended December 28, 2013. The performance criteria for fiscal 2013 was certified as being met on March 2, 2014, resulting in one-fourth of the PBRSUs vesting and three-fourths of the PBRSUs becoming a derivative security subject to time vesting.
( 9)	PBRSUs granted on March 2, 2014, that vest in four equal annual installments beginning on March 2, 2015, subject to the satisfaction of a performance criteria for the fiscal year ended December 27, 2014. The performance criteria for fiscal 2014 was certified as being met on March 2, 2015, resulting in one-fourth of the PBRSUs vesting and three-fourths of the PBRSUs becoming a derivative security subject to time vesting.
( 10)	PBRSUs granted on March 2, 2015, that vest in four equal annual installments beginning on March 2, 2016, subject to the satisfaction of a performance criteria for the fiscal year ended January 2, 2016. The performance criteria for fiscal 2015 was certified as being met on March 2, 2016, resulting in one-fourth of the PBRSUs vesting and three-fourths of the PBRSUs becoming a derivative security subject to time vesting.
( 11)	PBRSUs granted on March 2, 2016, that vest in four equal annual installments beginning on March 2, 2017, subject to the satisfaction of a performance criteria for the fiscal year ended December 31, 2016. The performance criteria for fiscal 2016 was certified as being met on March 2, 2017, resulting in one-fourth of the PBRSUs vesting and three-fourths of the PBRSUs becoming a derivative security subject to time vesting.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Castner Ralph W C/O CABELA'S INCORPORATED ONE CABELA DRIVE SIDNEY,, NE 69160			Executive Vice President & CFO

Signatures
Brent LaSure, Attorney-in-Fact		3/3/2017
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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