NELNET INC — Director's Dealing 2016

Mar 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2016-03-11

Reporting Person: HEIMES TERRY J (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-11	Class A Common Stock	A	11838	—	Acquired	159145	Direct
2016-03-11	Class A Common Stock	F	5543	$37.95	Disposed	153602	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	50087	Indirect

Footnotes

F1: Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2015 paid in stock, which the reporting person became entitled to receive on March 11, 2016.

F2: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 11, 2016 award by the issuer of 11,838 shares of bonus compensation stock.

F3: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for February 26, 2016 through March 3, 2016.