AI assistant
NATIONAL RESEARCH CORP — Director's Dealing 2018
Apr 18, 2018
33341_dirs_2018-04-18_55851af7-ae54-45c9-a87b-ce714c725acf.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NATIONAL RESEARCH CORP (NRCIA/B)
CIK: 0000070487
Period of Report: 2018-04-17
Reporting Person: Karas Kevin R (Director, SVP Finance, CFO, Treas & Secy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-17 | Class B Common Stock | D | 2355 | — | Disposed | 0 | Direct |
| 2018-04-17 | Common Stock | A | 2355 | — | Acquired | 16160 | Direct |
| 2018-04-17 | Common Stock | A | 7392 | — | Acquired | 23552 | Direct |
| 2018-04-17 | Common Stock | F | 3436 | $33.55 | Disposed | 20116 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-17 | Employee Stock Option (right to buy) | $21.5 | D | 4400 | Disposed | 2022-01-05 | Class B Common Stock (4400) | Direct |
| 2018-04-17 | Employee Stock Option (right to buy) | $27.13 | D | 3348 | Disposed | 2023-01-07 | Class B Common Stock (3348) | Direct |
| 2018-04-17 | Employee Stock Option (right to buy) | $34.15 | D | 489 | Disposed | 2024-01-07 | Class B Common Stock (489) | Direct |
| 2018-04-17 | Employee Stock Option (right to buy) | $35.48 | D | 3219 | Disposed | 2025-01-06 | Class B Common Stock (3219) | Direct |
| 2018-04-17 | Employee Stock Option (right to buy) | $34 | D | 3410 | Disposed | 2026-01-05 | Class B Common Stock (3410) | Direct |
| 2018-04-17 | Employee Stock Option (right to buy) | $40.54 | D | 2788 | Disposed | 2027-01-04 | Class B Common Stock (2788) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $10.75 | 2022-01-05 | Common Stock (26403) | 26403 | Direct |
| Employee Stock Option (right to buy) | $14.50 | 2023-01-07 | Common Stock (20088) | 20088 | Direct |
| Employee Stock Option (right to buy) | $18.80 | 2024-01-07 | Common Stock (5334) | 5334 | Direct |
| Employee Stock Option (right to buy) | $13.17 | 2025-01-06 | Common Stock (19313) | 19313 | Direct |
| Employee Stock Option (right to buy) | $15.23 | 2026-01-05 | Common Stock (20458) | 20458 | Direct |
| Employee Stock Option (right to buy) | $18.8 | 2027-01-04 | Common Stock (16728) | 16728 | Direct |
| Employee Stock Option (right to buy) | $36.8 | 2028-01-03 | Common Stock (11617) | 11617 | Direct |
Footnotes
F1: On April 17, 2018, the Issuer completed a recapitalization whereby the Issuer exchanged one share of its then-existing class A common stock, plus $19.59 in cash, without interest, for each share of its then-existing class B common stock and, following such exchange, each share of class A common stock was reclassified as a share of Common Stock (the "Recapitalization").
F2: Pursuant to the Recapitalization, all outstanding options to purchase class B common stock were vested in full and cancelled. In exchange for the option, the reporting person received one share of common stock, plus $19.59 in cash, for each class B option, less the exercise price per share of the option and any applicable tax withholding.
F3: This option became fully exercisable on January 5, 2017.
F4: This option became fully exercisable on January 7, 2018.
F5: This option becomes fully exercisable on January 7, 2019.
F6: This option becomes fully exercisable on January 6, 2020.
F7: This option becomes fully exercisable on January 5, 2021.
F8: This option becomes fully exercisable on January 4, 2022.
F9: This option becomes fully exercisable on January 3, 2023.