SEC Form 4 · accession 0001127602-15-007119
WERNER ENTERPRISES INC · WERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Steele
Officer — Exec VP - Treasurer & CFO
Period of report
Feb 18, 2015
Accepted (ET)
Feb 19, 2015 · 4:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000793074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 18, 2015 | M | 15,000 | $17.18 | A | 57,911 | D | |
| Common StockF1 | Feb 18, 2015 | S | 15,000 | $31.0446 | D | 42,911 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $17.18 | Feb 18, 2015 | M | 15,000 | D | — | Nov 30, 2017 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1The price specified in Column 4 is a weighted average price. The actual sales prices ranged from $31.00 to $31.19 per share. The reporting person has provided to the Issuer and will provide to the SEC staff or security holder of the Issuer, upon request, information regarding the number of shares sold at each price within the range.
- F2Stock 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.