Major owner of National Research Corporation just sold 25,154 shares


Michael D. Hays, a major owner of National Research Corporation and National Research Corporation's CEO and a director of the company, recently sold 25,154 shares of the company. The sales took place at $18.00 per share, on dates ranging from October 11 to October 14, 2013. Hays still owns 7,271,345 shares of the company. Hays operates out of Lincoln, NE. Some additional info was provided as follows:

Does not include 750,000 shares of class A common stock currently held in certain GRAT agreements, all or a portion of which will be returned to Mr. Hays over the next two years. Does not include 750,000 shares of class A common stock currently held in certain GRAT agreements, all or a portion of which will be returned to Mr. Hays' spouse over the next two years. The rep orting person disclaims beneficial ownership of these shares. Does not include 62,500 shares of class B common stock currently held in a certain GRAT agreement, all or a portion of which will be returned to Mr. Hays over the next two years. Does not include 62,500 shares of class B common stock currently held in a certain GRAT agreement, all or a portion of which will be returned to Mr. Hays' spouse over the next two years. This option became fully exercisable on January 5, 2009. This option became fully exercisable on January 5, 2011. This option became fully exercisable on January 5, 2012. This option became fully exercisable on January 4, 2013. This option becomes fully exercisable on January 5, 2014. This option becomes fully exercisable on January 5, 2015. This option becomes fully exercisable on January 5, 2016. This option becomes fully exercisable on January 5, 2017. This option becomes fully exercisable on January 7, 2018.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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