NATIONAL RESEARCH CORP — Director's Dealing 2020

Jul 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RESEARCH CORP (NRC)
CIK: 0000070487
Period of Report: 2020-07-23

Reporting Person: NUNNELLY JOHN N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-23	Common Stock	M	5926	$9.74	Acquired	32820	Direct
2020-07-23	Common Stock	M	6821	$50.62	Acquired	39641	Direct
2020-07-23	Common Stock	M	40	$34.90	Acquired	39681	Direct
2020-07-23	Common Stock	F	6861	$58.94	Disposed	32820	Direct
2020-07-23	Common Stock	S	5926	$60.1019	Disposed	26894	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-23	Director Stock Option (Right to Buy)	$9.74	M	5926	Disposed	2021-05-06	Common Stock (5926)	Direct
2020-07-23	Director Stock Option (Right to Buy)	$50.62	M	6821	Disposed	2029-05-29	Common Stock (6821)	Direct
2020-07-23	Director Stock Option (Right to Buy)	$34.90	M	40	Disposed	2028-05-30	Common Stock (40)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $60.00 to $60.51, inclusive. 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 this range.