SEC FORM 4

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^*

RAASCH JONA S

(Last)

(First)

(Middle)

C/O NATIONAL RESEARCH CORPORATION

1245 "Q" STREET

(Street)

LINCOLN

68508

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL RESEARCH CORP [ NRCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP & Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/07/2006		S		38	D	$20.16	75,052	D
Common Stock	03/07/2006		S		96	D	$20.23	74,956	D
Common Stock	03/07/2006		S		99	D	$20.18	74,857	D
Common Stock	03/07/2006		S		99	D	$20.19	74,758	D
Common Stock	03/07/2006		S		100	D	$20.14	74,658	D
Common Stock	03/07/2006		S		200	D	$20.54	74,458	D
Common Stock	03/07/2006		S		264	D	$20.8	74,194	D
Common Stock	03/07/2006		S		904	D	$20.22	73,290	D
Common Stock	03/08/2006		S		1,000	D	$20.15	72,290	D
Common Stock	03/08/2006		S		1,000	D	$20.221	71,290	D
Common Stock	03/08/2006		S		800	D	$20.4699	70,490	D
Common Stock								50	I	By minor children

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$11							⁽¹⁾	06/26/2013	Common Stock	34,091		34,091	D
Employee Stock Option (Right to Buy)	$16.1							⁽²⁾	01/05/2014	Common Stock	13,388		13,388	D
Employee Stock Option (Right to Buy)	$15.46							⁽³⁾	01/05/2015	Common Stock	15,330		15,330	D
Employee Stock Option (Right to Buy)	$17.25							⁽⁴⁾	01/05/2016	Common Stock	13,739		13,739	D

Explanation of Responses:

1. This option becomes fully exercisable on June 26, 2008.

2. This option becomes fully exercisable on January 5, 2009.

3. This option becomes fully exercisable on January 5, 2010.

4. This option becomes fully exercisable on January 5, 2011.

	By: Russell E. Ryba, Attorney-in-Fact	03/08/2006
	** 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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