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WERNER ENTERPRISES INC — Director's Dealing 2012
Jul 31, 2012
31813_dirs_2012-07-31_150f5b6b-21ad-414c-ace5-0562012260cb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WERNER ENTERPRISES INC (WERN)
CIK: 0000793074
Period of Report: 2012-07-27
Reporting Person: LEATHERS DEREK J (President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-07-27 | Common Stock | A | 40000 | — | Acquired | 176865.905 | Direct |
| 2012-07-30 | Common Stock | F | 6290 | $23.23 | Disposed | 170575.905 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $16.68 | 2015-10-22 | Common Stock (20000) | 20000 | Direct |
| Stock Options (Right to Buy) | $17.18 | 2017-11-30 | Common Stock (25000) | 25000 | Direct |
| Stock Options (Right to Buy) | $18.33 | 2014-05-20 | Common Stock (35000) | 35000 | Direct |
Footnotes
F1: Restricted stock awarded July 27, 2012 under stockholder approved equity plan. This award shall vest, subject to continued employment, in five annual increments of 20% each beginning July 27, 2013 (1 year after the grant date). The award will become fully vested on July 27, 2017.
F2: Represents shares required to satisfy tax withholding obligations in connection with the vesting of 20,000 shares of restricted stock granted to the Reporting Person on July 29, 2011.
F3: Stock options become exercisable in the following percentages at the specified number of months from grant date: 25% at 24 months; 20% each at 36, 48, and 60 months; and 15% at 72 months.
F4: Stock options become exercisable in the following percentages at the specified number of months from grant date: 15% at 24 months; 20% each at 36, 48, and 60 months; and 25% at 72 months.