SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HOBERMAN BRUCE

(Last) (First) (Middle)
2407 W 24TH STREET

(Street)
KEARNEY NE 68845

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BUCKLE INC [ BKE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/15/2007 M 1,125 A $9.0667 2,625(11) D
Common Stock 02/15/2007 M 2,250 A $15.1733 4,875 D
Common Stock 02/15/2007 M 3,375 A $16.86 8,250 D
Common Stock 02/15/2007 M 2,250 A $20.9867 10,500 D
Common Stock 02/15/2007 S 9,000 D $36.0821 1,500 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Purchase) $9.0667(1) 02/15/2007 M 1,125(2) (3) 02/02/2013(4) Common Stock 1,125(2) $0 0(2) D
Stock Option (Right to Purchase) $15.1733(5) 02/15/2007 M 2,250(2) (6) 02/01/2014 Common Stock 2,250(2) $0 0(2) D
Stock Option (Right to Purchase) $16.86(7) 02/15/2007 M 3,375(2) (8) 01/30/2015 Common Stock 3,375(2) $0 1,126(2) D
Stock Option (Right to Purchase) $20.9867(9) 02/15/2007 M 2,250(2) (10) 01/29/2016 Common Stock 2,250(2) $0 2,251(2) D
Explanation of Responses:
1. Exercise price was originally reported as $16.59. Exercise price has been adjusted in accordance with the terms of the stock option plan to reflect payment of special cash dividend on 1/2/2007 and 3/2 stock split on 1/12/2007.
2. Number of stock options granted was originally reported as 3,000. Number of stock options outstanding has been adjusted in accordance with the terms of the stock option plan to reflect payment of special cash dividend on 1/2/2007 and 3/2 stock split on 1/12/2007.
3. Date exercisable was originally incorrectly reported as exercisable in 25% increments on 2/3/2003, 2/3/2004, 2/3/2005 and 2/3/2006. It should have instead been reported as exercisable in 25% increments on 2/2/2003, 2/2/2004, 2/2/2005 and 2/2/2006.
4. Expiration date was originally incorrectly reported as 2/3/2013. It should have instead been reported as 2/2/2013.
5. Exercise price was originally reported as $25.75. Exercise price has been adjusted in accordance with the terms of the stock option plan to reflect payment of special cash dividend on 1/2/2007 and 3/2 stock split on 1/12/2007.
6. Exercisable in 25% increments on 2/1/2004, 2/1/2005, 2/1/2006 and 2/1/2007.
7. Exercise price was originally reported as $28.28. Exercise price has been adjusted in accordance with the terms of the stock option plan to reflect payment of special cash dividend on 1/2/2007 and 3/2 stock split on 1/12/2007.
8. Exercisable in 25% increments on 1/30/2005, 1/30/2006, 1/30/2007 and 1/30/2008.
9. Exercise price was originally reported as $34.47. Exercise price has been adjusted in accordance with the terms of the stock option plan to reflect payment of special cash dividend on 1/2/2007 and 3/2 stock split on 1/12/2007.
10. Exercisable in 25% increments on 1/29/2006, 1/29/2007, 1/29/2008 and 1/29/2009.
11. Number of shares beneficially owned has been adjusted to reflect 3/2 stock split on 1/12/2007.
Remarks:
Karen B. Rhoads by Power of Attorney 02/20/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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