NATIONAL RESEARCH CORP — Director's Dealing 2018

Sep 19, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRCI)
CIK: 0000070487
Period of Report: 2018-09-06

Reporting Person: Berwick Donald M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-06	Common Stock	S	400	$38.95	Disposed	16966	Direct
2018-09-10	Common Stock	S	100	$38.95	Disposed	16866	Direct
2018-09-11	Common Stock	S	3000	$37.9516	Disposed	13866	Direct
2018-09-12	Common Stock	S	2100	$38.1792	Disposed	11766	Direct
2018-09-13	Common Stock	S	2600	$38.762	Disposed	9166	Direct
2018-09-13	Common Stock	S	100	$39.375	Disposed	9066	Direct
2018-09-14	Common Stock	S	4759	$38.7276	Disposed	9166	Direct
2018-09-17	Common Stock	S	4078	$39.7714	Disposed	229	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (Right to Buy)	$24.35	2027-05-09	Common Stock (36000)	36000	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.50 to $38.50. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $38.00 to $38.65. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $38.35 to $39.175. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F4: The price in Column 4 is a weighted average price. The prices actually received ranged from $38.475 to $39.15. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F5: The price in Column 4 is a weighted average price. The prices actually received ranged from $39.65 to $39.95. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.