NATIONAL RESEARCH CORP — Director's Dealing 2007

Dec 12, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCI)
CIK: 0000070487
Period of Report: 2007-12-10

Reporting Person: RAASCH JONA S (VP & Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-10	Common Stock	S	399	$27	Disposed	65691	Direct
2007-12-12	Common Stock	S	4600	$26.7	Disposed	61091	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to Buy)	$11	2013-06-26	Common Stock (34091)	34091	Direct
Employee Stock Option (right to Buy)	$15.46	2015-01-05	Common Stock (15330)	15330	Direct
Employee Stock Option (right to Buy)	$16.1	2014-01-05	Common Stock (13388)	13388	Direct
Employee Stock Option (right to Buy)	$17.25	2016-01-05	Common Stock (13739)	13739	Direct
Employee Stock Option (right to Buy)	$22.87	2017-01-05	Common Stock (10363)	10363	Direct

Footnotes

F1: This option becomes fully exercisable on June 26, 2008.

F2: This option becomes fully exercisable on January 5, 2010.

F3: This option becomes fully exercisable on January 5, 2009.

F4: This option becomes fully exercisable on January 5, 2011.

F5: This option becomes fully exercisable on January 5, 2012.