NELNET INC — Director's Dealing 2019

Mar 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2019-03-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-15	Class A Common Stock	A	1835	—	Acquired	26746	Direct
2019-03-15	Class A Common Stock	A	1582	—	Acquired	28328	Direct
2019-03-15	Class A Common Stock	F	465	$54.52	Disposed	27863	Direct

Footnotes

F1: These shares were issued to the reporting person 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.

F2: Includes 500 shares held jointly with spouse.

F3: These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2018 paid in stock, which the reporting person became entitled to receive on March 15, 2019.

F4: These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 15, 2019 award by the issuer of 1,582 shares of bonus compensation stock.

F5: 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, 2019 through March 6, 2019.