SEC Form 4 · accession 0001127602-17-024393
WERNER ENTERPRISES INC · WERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek J Leathers
Officer — President & CEO
Period of report
Jul 27, 2017
Accepted (ET)
Jul 31, 2017 · 5:35 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 StockF1 | Jul 27, 2017 | F | 2,588 | $29.85 | D | 228,780 | D | |
| Common Stock | Jul 28, 2017 | M | 200 | $17.18 | A | 228,980 | D | |
| Common Stock | Jul 28, 2017 | S | 200 | $30.00 | D | 228,780 | D | |
| Common Stock | Jul 31, 2017 | M | 12,044 | $17.18 | A | 240,824 | D | |
| Common StockF2 | Jul 31, 2017 | S | 12,044 | $30.0247 | D | 228,780 | 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)F3 | $17.18 | Jul 28, 2017 | M | 200 | D | — | Nov 30, 2017 | Common Stock | 200 | 24,800 | D |
| Stock Options (Right to Buy)F3 | $17.18 | Jul 31, 2017 | M | 12,044 | D | — | Nov 30, 2017 | Common Stock | 12,044 | 12,756 | D |
Explanation of responses
- F1Represents shares required to satisfy tax withholding obligations in connection with the vesting of 8,000 shares of restricted stock granted to the Reporting Person on July 27, 2012.
- F2The price specified in Column 4 is a weighted average price. The actual sales prices ranged from $30.00 to $30.15 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. Remove
- F3Stock 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.