SEC Form 4 · accession 0001437749-15-005295

NELNET INC · NNI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey R Noordhoek

Officer — Chief Executive Officer

Period of report

Mar 13, 2015

Accepted (ET)

Mar 17, 2015 · 5:02 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001258602

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1,F2	Mar 13, 2015	A	16,520	$0.00	A	132,890	D
Class A Common Stock^F3,F4,F2	Mar 13, 2015	F	5,330	$46.99	D	127,560	D
Class A Common Stock^F5	holding	—	—		—	126,462	I	By Trust
Class A Common Stock^F6	holding	—	—		—	20,090	I	By Trust
Class A Common Stock^F7	holding	—	—		—	190,411	I	By Trust

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2014 paid in stock, which the reporting person became entitled to receive on March 13, 2015.
F2Includes 4,880 shares issued pursuant to the issuer's Employee Share Purchase Plan.
F3Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 13, 2015 award by the issuer of 16,520 shares of bonus compensation stock.
F4Per 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 27, 2015 through March 5, 2015.
F5Shares held by the Jeffrey Noordhoek Post Annuity Irrevocable Trust dated August 29, 2003, of which the reporting person's spouse and children are initial beneficiaries. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F6Shares held by The Noordhoek Charitable Remainder Unitrust I (of which the reporting person is the sole noncharitable beneficiary), which reflect a distribution and transfer from the trust to the reporting person of 1,200 shares on December 31, 2014. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F7Shares held by the Jeffrey R. Noordhoek Trust, which is a revocable trust for the benefit of the reporting person and his spouse and dependents.