SEC Form 4 · accession 0001127602-17-021501
WERNER ENTERPRISES INC · WERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Lynn Johnson
Officer — Exec VP - Chief Acctg Officer
Period of report
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 4:05 pm EDT
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 | Jun 13, 2017 | M | 15,000 | $17.18 | A | 75,956 | D | |
| Common StockF1 | Jun 13, 2017 | S | 15,000 | $29.7125 | D | 60,956 | 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 | Jun 13, 2017 | 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 $29.65 to $29.85 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.