SEC Form 4 · accession 0001437749-17-016402
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
Sep 26, 2017
Accepted (ET)
Sep 27, 2017 · 4:27 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 StockF3 | Sep 25, 2017 | G | 21 | $0.00 | D | 26,467 | D | |
| Class A Common StockF3 | Sep 26, 2017 | S | 1,000 | $50.00 | D | 25,467 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The gift reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan that was entered into by the reporting person on June 15, 2017.
- F2Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows executives of a company who are not in possession of material non-public information to establish pre-arranged plans to buy, sell or otherwise transfer a specified number of shares of such company's stock. Once a plan is established, the executive does not retain or exercise any discretion over sales or other transfers of stock under the plan and the pre-planned trades or other transfers may be executed at later dates as set forth in the plan, without regard to any subsequent material non-public information related to the company that the executive may receive.
- F3Includes 500 shares held jointly with spouse.
- F4These shares were sold pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on December 15, 2016. The Plan provides for the sale of shares of the issuer's Class A Common Stock, subject to limit price provisions and an expiration date. To the extent any future sales occur pursuant to the Plan, such sales will be publicly disclosed in Form 4 filings with the Securities and Exchange Commission.