SEC Form 4 · accession 0001437749-16-027519
NELNET INC · NNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Munn
Officer — Secy/Chief Legal Off/Gen Coun
Period of report
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 5:13 pm EST
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,F3 | Mar 10, 2016 | F | 156 | $39.32 | D | 23,292 | D | |
| Class A Common StockF1,F2,F3 | Mar 10, 2016 | F | 138 | $39.32 | D | 23,154 | D | |
| Class A Common StockF1,F2,F3 | Mar 10, 2016 | F | 203 | $39.32 | D | 22,951 | D | |
| Class A Common StockF1,F2,F3 | Mar 10, 2016 | F | 191 | $39.32 | D | 22,760 | D | |
| Class A Common StockF4,F3 | Mar 11, 2016 | A | 2,273 | $0.00 | A | 25,033 | D | |
| Class A Common StockF5,F6,F3 | Mar 11, 2016 | F | 721 | $37.95 | D | 24,312 | D | |
| Class A Common StockF7,F3 | Mar 11, 2016 | A | 2,636 | $0.00 | A | 26,948 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
- F2Per 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 as of March 10, 2016.
- F3Includes 500 shares held jointly with spouse.
- F4Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2015 paid in stock, which the reporting person became entitled to receive on March 11, 2016.
- F5Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 11, 2016 award by the issuer of 2,273 shares of bonus compensation stock.
- F6Per 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 26, 2016 through March 3, 2016.
- F7The 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.