SEC Form 4 · accession 0001437749-16-027521
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 11, 2016
Accepted (ET)
Mar 11, 2016 · 5:15 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 | Mar 11, 2016 | A | 23,675 | $0.00 | A | 152,994 | D | |
| Class A Common StockF3,F4,F2 | Mar 11, 2016 | F | 7,663 | $37.95 | D | 145,331 | D | |
| Class A Common StockF5 | holding | — | — | — | 126,462 | I | By Trust | |
| Class A Common StockF6 | holding | — | — | — | 18,370 | I | By Trust | |
| Class A Common StockF7 | 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 2015 paid in stock, which the reporting person became entitled to receive on March 11, 2016.
- F2Includes 4,919 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 11, 2016 award by the issuer of 23,675 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 26, 2016 through March 3, 2016.
- 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 1,720 shares on December 31, 2015. 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.
Remarks
Exhibit List Exhibit 24 - Power of Attorney