SEC Form 4 · accession 0001014108-15-000292
NIC INC · EGOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harry Herington
Officer — Chairman of the Board and CEO · Director
Period of report
Nov 20, 2015
Accepted (ET)
Nov 24, 2015 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065332
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Nov 20, 2015 | S | 23,723 | $19.9848 | D | 1,037,261 | D | |
| Common StockF4,F3 | Nov 23, 2015 | S | 31,048 | $20.0335 | D | 1,006,213 | D | |
| Common StockF5,F3 | Nov 24, 2015 | S | 19,094 | $19.8943 | D | 987,119 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1All of the sale transactions reported on this form are program transactions under a Rule 10b5-1 plan that was signed on September 10, 2015. The Reporting Person intends to sell a total of 300,000 shares under his 10b5-1 plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.79 to $20.18, inclusive. The Reporting Person undertakes to provide to NIC Inc., any security holder of NIC Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (4) and (5) to this Form 4.
- F3This total includes 27,758 shares held for the benefit of the Reporting Person's two children.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.86 to $20.24, inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.64 to $20.08, inclusive.