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: 2019-06-21

Reporting Person: HENNING THOMAS EDWARD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-21	Class A Common Stock	A	2892	$49.29	Acquired	23199	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	3102	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Class A Common Stock (40822)	40822	Direct

Footnotes

F1: The shares were granted pursuant to the issuer's Directors Stock Compensation Plan.

F2: 1-for-1.

F3: The shares of phantom stock were previously granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum at the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.

F4: Includes a total of 510 shares acquired since June 26, 2018 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.