NELNET INC — Director's Dealing 2017

Sep 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2017-09-26

Reporting Person: Munn William J (Secy/Chief Legal Off/Gen Coun)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-25	Class A Common Stock	G	21	—	Disposed	26467	Direct
2017-09-26	Class A Common Stock	S	1000	$50	Disposed	25467	Direct

Footnotes

F1: The gift reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan that was entered into by the reporting person on June 15, 2017.

F2: Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows executives of a company who are not in possession of material non-public information to establish pre-arranged plans to buy, sell or otherwise transfer a specified number of shares of such company's stock. Once a plan is established, the executive does not retain or exercise any discretion over sales or other transfers of stock under the plan and the pre-planned trades or other transfers may be executed at later dates as set forth in the plan, without regard to any subsequent material non-public information related to the company that the executive may receive.

F3: Includes 500 shares held jointly with spouse.

F4: These shares were sold pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on December 15, 2016. The Plan provides for the sale of shares of the issuer's Class A Common Stock, subject to limit price provisions and an expiration date. To the extent any future sales occur pursuant to the Plan, such sales will be publicly disclosed in Form 4 filings with the Securities and Exchange Commission.