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NELNET INC — Director's Dealing 2017
Mar 13, 2017
31093_dirs_2017-03-13_4a95db68-5b18-4450-bec1-9ac9d0cbb9e5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2017-03-10
Reporting Person: Munn William J (Secy/Chief Legal Off/Gen Coun)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-10 | Class A Common Stock | F | 171 | $43.08 | Disposed | 24707 | Direct |
| 2017-03-10 | Class A Common Stock | F | 138 | $43.08 | Disposed | 24569 | Direct |
| 2017-03-10 | Class A Common Stock | F | 156 | $43.08 | Disposed | 24413 | Direct |
| 2017-03-10 | Class A Common Stock | F | 191 | $43.08 | Disposed | 24222 | Direct |
| 2017-03-10 | Class A Common Stock | F | 203 | $43.08 | Disposed | 24019 | Direct |
| 2017-03-10 | Class A Common Stock | A | 1889 | — | Acquired | 25908 | Direct |
| 2017-03-10 | Class A Common Stock | F | 610 | $45.67 | Disposed | 25298 | Direct |
| 2017-03-10 | Class A Common Stock | A | 2190 | — | Acquired | 27488 | Direct |
Footnotes
F1: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
F2: Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares as of March 10, 2017.
F3: Includes 500 shares held jointly with spouse.
F4: Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2016 paid in stock, which the reporting person became entitled to receive on March 10, 2017.
F5: Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2017 award by the issuer of 1,889 shares of bonus compensation stock.
F6: 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 28, 2017 through March 6, 2017.
F7: The acquired shares of Class A Common Stock were granted pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.