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    SEC Form SC 13D/A filed by National Research Corporation (Amendment)

    11/1/22 4:09:29 PM ET
    $NRC
    Biotechnology: Commercial Physical & Biological Resarch
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    Get the next $NRC alert in real time by email
    SC 13D/A 1 schedule13da.htm SCHEDULE 13D/A


    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

    SCHEDULE 13D/A
    (Rule 13d-101)

    Under the Securities Exchange Act of 1934
    (Amendment No. 7)

    National Research Corporation
    __________________________________________________________________________________
    (Name of Issuer)

    Common Stock, $.001 par value
    __________________________________________________________________________________
    (Title of Class of Securities)

    637372202
    __________________________________________________________________________________
    (CUSIP Number)

    Patrick E. Beans
    Amandla LLC
    709 Pier 2
    Lincoln, NE 68528
    402-440-2768
    __________________________________________________________________________________
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    October 31, 2022
    __________________________________________________________________________________
    (Date of Event Which Requires Filing of this Statement)
     
    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [  ]
     
    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).


    CUSIP NO.:  637372202

    1.
    Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
     
    Patrick E. Beans, as the Special Holdings Direction Adviser under the Amandla MK Trust
    2.
    Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) [   ]
    (b) [   ]
    3.
    SEC USE ONLY
     
    4.
    Source of Funds (See Instructions)
    OO
    5.
    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
    [   ]
    6.
    Citizenship or Place of Organization
     
    United States of America
    Number of
    Shares Beneficially
    Owned by Each
    Reporting
    Person with
    7.
    Sole Voting Power
    5,344,492
     
    8.
    Shared Voting Power
    0
     
     
    9.
    Sole Dispositive Power
    5,344,492
     
     
    10.
    Shared Dispositive Power
    0
     
    11.
    Aggregate Amount Beneficially Owned by Each Reporting Person
    5,344,492
     
    12.
    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
    [    ]
    13.
    Percent of Class Represented by Amount in Row (11)
    21.6%(1)
     
    14.
    Type of Reporting Person (See Instructions)
    IN
     

     
    (1)
    The percentage indicated is based upon 24,767,118 shares of common stock outstanding as of July 22, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 5, 2022.

    CUSIP NO.:  637372202

    1.
    Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
     
    Amandla MK Trust
    2.
    Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) [   ]
    (b) [   ]
    3.
    SEC USE ONLY
     
    4.
    Source of Funds (See Instructions)
    OO
    5.
    Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
    [   ]
    6.
    Citizenship or Place of Organization
     
    Delaware
    Number of
    Shares Beneficially
    Owned by Each
    Reporting
    Person with
    7.
    Sole Voting Power
    5,344,492
     
    8.
    Shared Voting Power
    0
     
     
    9.
    Sole Dispositive Power
    5,344,492
     
     
    10.
    Shared Dispositive Power
    0
     
    11.
    Aggregate Amount Beneficially Owned by Each Reporting Person
    5,344,492
     
    12.
    Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
    [    ]
    13.
    Percent of Class Represented by Amount in Row (11)
    21.6%(1)
     
    14.
    Type of Reporting Person (See Instructions)
    OO
     

     
    (1)
    The percentage indicated is based upon 24,767,118 shares of common stock outstanding as of July 22, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 5, 2022.

    CUSIP NO.:  637372202

    Item 1.
    Security and Issuer.

    This Amendment No. 7 to Schedule 13D, which relates to shares of the Common Stock, par value $.001 per share (the “Common Stock”), of National Research Corporation, a Delaware corporation (the “Issuer”), is being filed on behalf of Patrick E. Beans, as Special Holdings Direction Adviser under the Amandla MK Trust (the “Adviser”), and the Amandla MK Trust (the “Trust”) to amend the Reporting Persons’ Schedule 13D, as amended (the “Schedule 13D”), originally filed on February 2, 2018.  Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set for in the Schedule 13D.  The address of the principal executive offices of the Issuer is 1245 “Q” Street, Lincoln, Nebraska 68508.

    Item 5.
    Interest in Securities of the Issuer.

    Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following information:

    (a) Set forth below is the aggregate number and percentage of outstanding shares of Common Stock owned beneficially by each Reporting Person named in Item 2 (based on 24,767,118 shares of Common Stock outstanding as of July 22, 2022):

    Name
    Shares of Common Stock
    Beneficially Owned
    Percentage of Shares of Common Stock Beneficially Owned
    Trust and Adviser
    Common Stock – 5,344,492
    21.6%

    The Adviser is the Special Holdings Direction Adviser under the Trust and may be deemed to have sole voting and dispositive power with regard to the shares of Common Stock held by the Trust.  The shares beneficially owned by the Trust are held directly by Amandla II LLC, which is 100% owned by the Trust, and Amandla LLC, which is 100% owned by Amandla II LLC.

    (c) The following transactions in the Common Stock have occurred during the past 60 days by the Reporting Persons:

    Name
    Trade Date
    Number of Shares Sold
    Weighted Average
    Price Per Share
    Where and How
    Transaction was Effected
    Range of Prices
    per Share
    Trust and Adviser
    9/14/2022
     100,000
     $38.5890
    Open market sale
    $38.53 to $38.63
    Trust and Adviser
    9/30/2022
     795
     $40.5925
    Open market sale
    $40.575 to $40.595
    Trust and Adviser
    10/3/2022
     31,118
     $40.5343
    Open market sale
    $40.50 to $40.645
    Trust and Adviser
    10/4/2022
     11,294
     $40.7371
    Open market sale
    $40.50 to $41.055
    Trust and Adviser
    10/12/2022
     1,600
     $40.5078
    Open market sale
    $40.50 to $40.575
    Trust and Adviser
    10/13/2022
     36,137
     $40.8503
    Open market sale
    $40.50 to $41.26
    Trust and Adviser
    10/14/2022
     6,039
     $40.6535
    Open market sale
    $40.50 to $41.12
    Trust and Adviser
    10/17/2022
     9,720
     $40.6292
    Open market sale
    $40.50 to $40.88
    Trust and Adviser
    10/18/2022
     13,332
     $41.0087
    Open market sale
    $40.50 to $41.49
    Trust and Adviser
    10/18/2022
     743
     $41.6211
    Open market sale
    $41.50 to $41.65
    Trust and Adviser
    10/19/2022
     9,089
     $40.8479
    Open market sale
    $40.50 to $41.1675
    Trust and Adviser
    10/20/2022
     5,815
     $40.5494
    Open market sale
    $40.50 to $40.79
    Trust and Adviser
    10/21/2022
     8,755
     $40.5922
    Open market sale
    $40.50 to $40.785
    Trust and Adviser
    10/24/2022
     9,874
     $40.6064
    Open market sale
    $40.50 to $41.105
    Trust and Adviser
    10/25/2022
     4,188
     $40.6114
    Open market sale
    $40.50 to $40.835
    Trust and Adviser
    10/26/2022
     9,498
     $40.6068
    Open market sale
    $40.50 to $40.84
    Trust and Adviser
    10/27/2022
     23,038
     $40.5500
    Open market sale
    $40.50 to $40.865
    Trust and Adviser
    10/28/2022
     14,872
     $40.9832
    Open market sale
    $40.50 to $41.455
    Trust and Adviser
    10/31/2022
     45,195
     $40.5666
    Open market sale
    $40.50 to $40.84

    The Reporting Persons undertakes to provide, upon request by the SEC staff, the Issuer, or a stockholder of the Issuer, full information regarding the number of shares sold at each separate price.


    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.
     
       
       
     
    /s/ Patrick E. Beans
     
    Patrick E. Beans, as the Special Holdings Direction Adviser
       
       
     
    AMANDLA MK TRUST
       
       
     
    By:
    /s/ Patrick E. Beans
     
    Patrick E. Beans, Trustee

    Dated: November 1, 2022
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