NATIONAL RESEARCH CORP — Director's Dealing 2012

Feb 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCI)
CIK: 0000070487
Period of Report: 2012-01-05

Reporting Person: Karas Kevin R (SVP Finance, CFO, Treas & Secy)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-05	Employee Stock Option (right to buy)	$38.35	A	8801	Acquired	2022-01-05	Common Stock (8801)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6964	Direct

Footnotes

F1: This option becomes fully exercisable on January 5, 2017.