Filing Details

Accession Number:
0001437749-10-001212
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-04-26 13:00:00
Reporting Period:
2010-04-22
Filing Date:
2010-04-26
Accepted Time:
2010-04-26 13:57:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1258602 Nelnet Inc NNI Personal Credit Institutions (6141) 840748903
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1269813 R Jeffrey Noordhoek 121 South 13Th Street
Suite 201
Lincoln NE 68508
President/Executive Director No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2010-04-22 64,356 $21.10 376,374 No 4 S Indirect By trust
Class A Common Stock Disposition 2010-04-23 33,644 $21.10 342,730 No 4 S Indirect By trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By trust
No 4 S Indirect By trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 24,291 Indirect By trust
Class A Common Stock 34,930 Direct
Class A Common Stock 216,287 Indirect By GRAT
Footnotes
  1. These shares were sold by the Jeffrey R. Noordhoek Living Trust pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on November 13, 2009. The Plan provides for the sale of up to a maximum of 400,000 shares of the issuer's Class A Common Stock, subject to limit price provisions and an expiration date of February 11, 2012. 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. The Jeffrey R. Noordhoek Living Trust is selling the shares for diversification and estate planning purposes.
  2. Rule 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 or sell 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 of stock under the plan and the pre-planned trades 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.
  3. Shares held by the Jeffrey R. Noordhoek Living Trust, which is a revocable trust for the benefit of the reporting person and his spouse and dependents.
  4. Shares held by The Noordhoek Charitable Remainder Unitrust I (of which the reporting person is the sole noncharitable beneficiary). 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 interests therein.
  5. Includes 4,528 shares issued pursuant to the issuer's Employee Share Purchase Plan.
  6. Shares held by the Jeffrey Noordhoek 2003 Grantor Retained Annuity Trust. 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 interests therein.