SEC Form 4 · accession 0001127602-17-025006
WERNER ENTERPRISES INC · WERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jim S Schelble
Officer — Exec VP & Chief Admin Officer
Period of report
Aug 4, 2017
Accepted (ET)
Aug 4, 2017 · 4:30 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 | Aug 4, 2017 | M | 7,500 | $17.18 | A | 55,306 | D | |
| Common StockF1 | Aug 4, 2017 | S | 7,500 | $30.173 | D | 47,806 | 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 | Aug 4, 2017 | M | 7,500 | D | — | Nov 30, 2017 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The price specified in Column 4 is a weighted average price. The actual sales prices ranged from $30.15 to $30.20 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.