SEC Form 4 · accession 0001437749-18-021971

NELNET INC · NNI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Stephen F Butterfield

Director · 10% Owner

Period of report

Apr 4, 2018

Accepted (ET)

Dec 13, 2018 · 4:22 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 B Common Stock^F2	Apr 4, 2018	G	16,808	$0.00	D	33,617	I	By trust
Class B Common Stock	Apr 4, 2018	G	16,808	$0.00	A	16,808	I	By adult son
Class B Common Stock^F2	Apr 13, 2018	G	300	$0.00	D	33,317	I	By trust
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By adult son as UTMA custodian for granddaughter
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By adult son as UTMA custodian for grandson
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By adult son as UTMA custodian for grandson
Class B Common Stock^F5	Apr 13, 2018	G	100	$0.00	D	50,325	I	By trust
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By adult son
Class B Common Stock^F7	Apr 13, 2018	G	100	$0.00	D	50,325	I	By trust
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By adult son
Class B Common Stock^F9	Apr 13, 2018	G	100	$0.00	D	50,325	I	By trust
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By spouse as UTMA custodian for daughter
Class B Common Stock^F11	Apr 13, 2018	G	100	$0.00	D	50,325	I	By trust
Class B Common Stock	Apr 13, 2018	G	100	$0.00	A	100	I	By spouse as UTMA custodian for son
Class B Common Stock^F12	holding	—	—		—	881,077	D
Class B Common Stock	holding	—	—		—	70,586	I	By spouse
Class B Common Stock^F13	holding	—	—		—	76,521	I	By GRAT
Class B Common Stock^F14	holding	—	—		—	88,385	I	By GRAT
Class B Common Stock^F15	holding	—	—		—	82,947	I	By GRAT
Class B Common Stock^F16	holding	—	—		—	95,787	I	By GRAT
Class B Common Stock^F17	holding	—	—		—	82,947	I	By GRAT
Class B Common Stock^F18	holding	—	—		—	95,787	I	By GRAT
Class B Common Stock^F19	holding	—	—		—	99,259	I	By GRAT
Class B Common Stock^F20	holding	—	—		—	76,521	I	By GRAT
Class B Common Stock^F21	holding	—	—		—	88,385	I	By GRAT
Class B Common Stock^F22	holding	—	—		—	92,327	I	By GRAT
Class B Common Stock^F23	holding	—	—		—	94,288	I	By GRAT
Class B Common Stock^F24	holding	—	—		—	100,000	I	By GRAT
Class B Common Stock^F25	holding	—	—		—	1,586,691	I	By corporation
Class B Common Stock^F26	holding	—	—		—	61,941	I	By CLAT

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1On April 4, 2018, a trust of which an adult son of the reporting person is the beneficiary distributed 16,808 shares to such adult son of the reporting person.
F10On April 13, 2018, a trust of which another son of the reporting person is the beneficiary distributed 100 shares to the reporting person's spouse as custodian under the Uniform Transfers to Minors Act for such son of the reporting person.
F11Shares held by a trust, of which another son of the reporting person is the beneficiary.
F12Includes 135,332 shares held by the Stephen F. Butterfield Revocable Living Trust, the agreement for which was revocable by the reporting person while he was living. As noted in the Remarks below, the reporting person passed away on April 16, 2018.
F13Shares held by a grantor retained annuity trust ("GRAT") dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F14Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F15Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F16Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F17Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F18Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F19Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F2Shares held by a trust, of which an adult son of the reporting person is the beneficiary. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F20Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F21Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F22Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F23Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F24Shares held by a separate GRAT dated December 18, 2015. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F25Shares held by Union Financial Services, Inc. ("UFS"), of which the reporting person was a director and president and owned 50.0% of the outstanding capital stock. The reporting person reported beneficial ownership of all the shares held by UFS, but disclaimed beneficial ownership of the shares held by UFS except to the extent of his pecuniary interest therein.
F26Shares held by a charitable lead annuity trust ("CLAT") established by the reporting person, of which CLAT the descendants of the reporting person are remainder beneficiaries. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F3On April 13, 2018, a trust of which an adult son of the reporting person is the beneficiary distributed a total of 300 shares to such adult son as custodian under the Uniform Transfers to Minors Act for the granddaughter and two grandsons of the reporting person, in increments of 100 shares for each of the granddaughter and the two grandsons.
F4On April 13, 2018, a trust of which another adult son of the reporting person is the beneficiary distributed 100 shares to such adult son of the reporting person.
F5Shares held by a trust, of which another adult son of the reporting person is the beneficiary. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F6On April 13, 2018, a trust of which another adult son of the reporting person is the beneficiary distributed 100 shares to such adult son of the reporting person.
F7Shares held by a trust, of which another adult son of the reporting person is the beneficiary. The reporting person reported beneficial ownership of all the shares held by the trust, but disclaimed beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
F8On April 13, 2018, a trust of which the daughter of the reporting person is the beneficiary distributed 100 shares to the reporting person's spouse as custodian under the Uniform Transfers to Minors Act for such daughter of the reporting person.
F9Shares held by a trust, of which the daughter of the reporting person is the beneficiary.

Remarks

The reporting person passed away on April 16, 2018.