SEC Form 4 · accession 0001437749-15-005318
NELNET INC · NNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Kruger
Officer — Chief Financial Officer
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 6:06 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 StockF1,F2 | Mar 13, 2015 | A | 6,119 | $0.00 | A | 137,712 | D | |
| Class A Common StockF3,F4,F2 | Mar 13, 2015 | F | 2,001 | $46.99 | D | 135,711 | D | |
| Class A Common StockF2 | Mar 13, 2015 | A | 4,257 | $0.00 | A | 139,968 | D | |
| Class A Common StockF6,F7,F8 | Mar 16, 2015 | F | 122 | $47.14 | D | 139,886 | D |
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 2,024 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 6,119 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.
- F5The 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.
- F6These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligations resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
- F7Per 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 on March 16, 2015.
- F8Reflects an adjustment to the number of shares owned by a net total of 40 shares resulting from adjustments by the issuer to the number of shares withheld by the issuer to satisfy the reporting person's tax obligations resulting from the vesting of shares as originally reported in a Form 4 filed by the reporting person on March 12, 2014. Includes 1,074 shares issued pursuant to the issuer's Employee Share Purchase Plan, which reflects a transfer of 950 shares from the plan account to the reporting person.