NATIONAL RESEARCH CORP — Director's Dealing 2005

May 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCI)
CIK: 0000070487
Period of Report: 2005-05-05

Reporting Person: WARDEN GAIL L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-05	Director Stock Option (Right to Buy)	$14.20	A	12000	Acquired	2015-05-05	Common Stock (12000)	Direct