UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 18, 2010
NIC Inc.
(Exact name of registrant as specified in its charter)
Delaware | 000-26621 | 52-2077581 |
(State or other jurisdiction
of incorporation) | (Commission
File Number) | (I.R.S. Employer
Identification No.) |
25501 West Valley Parkway, Suite 300 Olathe, Kansas 66061 |
(Address of principal executive office)(Zip Code) |
(877) 234-3468
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On November 18, 2010, NIC Inc. (the “Company”) issued a press release announcing that a Wyoming limited liability company, Ross C. Hartley Family Investments, LLC, which is partly owned by Ross C. Hartley, 62, co-founder of the Company and a director, has adopted a new stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ("Exchange Act").
Under the plan, the limited liability company will be able to sell up to 1,426,090 shares of common stock beginning November 29, 2010 and ending no later than November 29, 2011. The plan includes various minimum prices relating to sales of various numbers of shares. In addition to the 1,426,090 shares subject to the plan, Mr. Hartley directly and indirectly beneficially owns an additional 3,107,251 shares of Company common stock which are not subject to the plan. The new plan will replace Mr. Hartley’s 10b5-1 trading plan established in December 2009, which terminated November 15, 2010. The sales under the plan are intended to diversify the holdings of the limited liability company in furtherance of the family’s estate planning goals for Mr. and Mrs. Hartley.
The information in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description |
| |
| 99.1 | Press release dated November 18, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| | NIC INC. |
| | | |
| | | |
| | By: | /s/ Stephen M. Kovzan |
| | | Stephen M. Kovzan |
| | | Chief Financial Officer |
| | | |
Date: | November 18, 2010 | | |
INDEX TO EXHIBITS
Exhibit Number | Description |
| |
| 99.1 | Press release dated November 18, 2010 |
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