NELNET INC — Director's Dealing 2019

Jun 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2019-06-03

Reporting Person: MUHLEISEN ANGIE (10% Owner)
Reporting Person: Muhleisen Dan D (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-03	Class A Common Stock	G	50500	—	Disposed	566139	Direct
2019-06-03	Class A Common Stock	G	50500	—	Acquired	225500	Indirect
2019-06-03	Class A Common Stock	G	50500	—	Disposed	2397862	Direct
2019-06-03	Class A Common Stock	G	50500	—	Acquired	276000	Indirect
2019-06-03	Class A Common Stock	G	50500	—	Disposed	515639	Direct
2019-06-03	Class A Common Stock	G	50500	—	Acquired	225500	Indirect
2019-06-03	Class A Common Stock	G	50500	—	Disposed	2347362	Direct
2019-06-03	Class A Common Stock	G	50500	—	Acquired	276000	Indirect
2019-06-17	Class A Common Stock	G	85530	—	Disposed	430109	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	52344	Direct
Class A Common Stock	692885	Indirect
Class A Common Stock	681538	Indirect
Class A Common Stock	88070	Indirect
Class A Common Stock	88070	Indirect
Class A Common Stock	88020	Indirect
Class A Common Stock	88010	Indirect

Footnotes

F1: These shares are held by Angela L. Muhleisen.

F2: Shares gifted to and held by a Dynasty Trust, of which the adult daughter of the reporting persons is the initial beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.

F3: These shares are held by Dan D. Muhleisen, who is the spouse of Angela L. Muhleisen.

F4: Shares gifted to and held by a Dynasty Trust, of which the adult son of the reporting persons is the initial beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.

F5: This gift was effected pursuant to a Rule 10b5-1 plan that was entered into by Angela L. Muhleisen on May 14, 2019.

F6: Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows significant shareholders 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 significant shareholder does not retain or exercise any discretion over sales or other tranfers 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 significant shareholder may receive.

F7: These shares are held jointly by Angela L. Muhleisen and Dan D. Muhleisen.

F8: Shares held by the Alicia L. Muhleisen Irrevocable Trust dated 8/29/2003, of which the adult daughter of the reporting persons is the beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.

F9: Shares held by the D. Muhleisen Post-Annuity Irrevocable Trust dated 8/29/2003, of which the adult daughter of the reporting persons is the beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.

F10: Shares held by the A. Muhleisen Post-Annuity Irrevocable Trust dated 8/29/2003, of which the adult son of the reporting persons is the beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.

F11: Shares held by the Jason D. Muhleisen Irrevocable Trust dated 8/29/2003, of which the adult son of the reporting persons is the beneficiary. The reporting persons continue to report beneficial ownership of all the shares held by the trust, but disclaim beneficial ownership of the shares held by the trust except to the extent of each such reporting person's pecuniary interest therein.