SEC Form 4 · accession 0001437749-17-004404
NELNET INC · NNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Tewes
Officer — President
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 4:39 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,F3 | Mar 9, 2017 | F | 364 | $42.97 | D | 46,233 | D | |
| Class A Common StockF1,F4,F3 | Mar 10, 2017 | F | 287 | $43.08 | D | 45,946 | D | |
| Class A Common StockF1,F4,F3 | Mar 10, 2017 | F | 233 | $43.08 | D | 45,713 | D | |
| Class A Common StockF1,F4,F3 | Mar 10, 2017 | F | 276 | $43.08 | D | 45,437 | D | |
| Class A Common StockF5,F3 | Mar 10, 2017 | A | 14,165 | $0.00 | A | 59,602 | D | |
| Class A Common StockF6,F7,F3 | Mar 10, 2017 | F | 4,626 | $45.67 | D | 54,976 | 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 9, 2017.
- F3Includes 1,492 shares issued pursuant to the issuer's Employee Share Purchase Plan.
- F4Per 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, 2017.
- F5Issued pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2016 paid in stock, which the reporting person became entitled to receive on March 10, 2017.
- F6Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2017 award by the issuer of 14,165 shares of bonus compensation stock.
- F7Per 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 28, 2017 through March 6, 2017.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney