SEC Form 4 · accession 0001437749-16-034554
NELNET INC · NNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen Anne Farrell
Director
Period of report
Jun 24, 2016
Accepted (ET)
Jun 28, 2016 · 5:01 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 | Jun 24, 2016 | A | 3,118 | $27.67 | A | 6,255 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F2,F3 | — | Jun 24, 2016 | A | 1,039 | A | — | — | Class A Common Stock | 1,039 | 23,953 | D |
Explanation of responses
- F1The shares were granted pursuant to the issuer's Directors Stock Compensation Plan.
- F21-for-1
- F3The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum at the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
- F4Includes a total of 299 shares acquired since June 15, 2015 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.