WERNER CLARENCE L 4
4 · WERNER ENTERPRISES INC · Filed May 1, 2020
Insider Transaction Report
Form 4
WERNER CLARENCE L
DirectorChairman10% Owner
Transactions
- Other
Common Stock
2020-04-29−6,908,000→ 0 total(indirect: By Trust)
Holdings
- 8(indirect: By Spouse)
Common Stock
- 3,000(indirect: By Spouse)
Common Stock
- 17(indirect: By Spouse)
Common Stock
- 14,165,569
Common Stock
- 28(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]On April 29, 2020, the Werner Children Trust II (the "Trust"), for which the Reporting Person served as sole trustee and was sole beneficiary, was terminated. In connection therewith, pursuant to the terms of the Trust termination, 6,908,000 shares of Common Stock held therein were distributed to the Reporting Person's children, with the remaining shares being distributed to the Reporting Person in a transaction exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-13.
- [F2]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F4]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F5]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F6]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F7]Shares are held of record by the Reporting Person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act. The Reporting Person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Exchange Act or for any other purpose.