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NATIONAL RESEARCH CORP Director's Dealing 2017

May 11, 2017

33341_dirs_2017-05-11_b819bdf8-0a01-4d8f-88a6-76363c0269cc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCIA/B)
CIK: 0000070487
Period of Report: 2017-05-09

Reporting Person: Berwick Donald M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-09	Director Stock Option (Right to Buy)	$24.35	A	36000	Acquired	2027-05-09	Class A Common Stock (36000)	Direct
2017-05-09	Director Stock Option (Right to Buy)	$44.47	A	6000	Acquired	2027-05-09	Class B Common Stock (6000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (Right to Buy)	$15.19	2025-10-21	Class A Common Stock (36000)	36000	Direct
Director Stock Option (Right to Buy)	$14.19	2026-05-11	Class A Common Stock (36000)	36000	Direct
Director Stock Option (Right to Buy)	$32.09	2025-10-21	Class B Common Stock (6000)	6000	Direct
Director Stock Option (Right to Buy)	$37.78	2026-05-11	Class B Common Stock (6000)	6000	Direct