NATIONAL RESEARCH CORP - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCI)
CIK: 0000070487
Period of Report: 2008-02-15

Reporting Person: SCHORR PAUL C III (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-15	Common Stock	M	12000	$14.20	Acquired	15000	Direct
2008-02-15	Common Stock	S	1	$26.63	Disposed	14999	Direct
2008-02-15	Common Stock	S	49	$27.51	Disposed	14950	Direct
2008-02-15	Common Stock	S	99	$26.61	Disposed	14851	Direct
2008-02-15	Common Stock	S	101	$26.53	Disposed	14750	Direct
2008-02-15	Common Stock	S	200	$26.52	Disposed	14550	Direct
2008-02-15	Common Stock	S	200	$26.50	Disposed	14350	Direct
2008-02-15	Common Stock	S	1000	$27.50	Disposed	13350	Direct
2008-02-15	Common Stock	S	1151	$26.51	Disposed	12199	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-15	Director Stock Option (Right to Buy)	$14.20	M	12000	Disposed	2015-05-05	Common Stock (12000)	Direct

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	1000	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (Right to Buy)	$16.05	2014-05-21	Common Stock (11000)	11000	Direct
Director Stock Option (Right to Buy)	$16.94	2014-05-06	Common Stock (1000)	1000	Direct
Director Stock Option (Right to Buy)	$22.61	2016-05-04	Common Stock (12000)	12000	Direct
Director Stock Option (Right to Buy)	$25.05	2017-05-03	Common Stock (12000)	12000	Direct

F1: As trustee of the Paul C. Schorr III TTEE for Paul V., Carter Matson, Ainslie B. and Mars S. Schorr Trust.

F2: As trustee of the Schorr Family Trust FBO Helen Hailey Condo, Paul C. Schorr III TTEE.