0001398344-23-012191.txt : 20230622
0001398344-23-012191.hdr.sgml : 20230622
20230622134609
ACCESSION NUMBER: 0001398344-23-012191
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230620
FILED AS OF DATE: 20230622
DATE AS OF CHANGE: 20230622
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MAGNOLIA CAPITAL FUND, LP
CENTRAL INDEX KEY: 0001618333
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31924
FILM NUMBER: 231032711
BUSINESS ADDRESS:
STREET 1: 1601 DODGE STREET, SUITE 3300
CITY: OMAHA
STATE: NE
ZIP: 68102
BUSINESS PHONE: 402-509-8456
MAIL ADDRESS:
STREET 1: 1601 DODGE STREET, SUITE 3300
CITY: OMAHA
STATE: NE
ZIP: 68102
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Peterson Adam K
CENTRAL INDEX KEY: 0001667769
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31924
FILM NUMBER: 231032712
MAIL ADDRESS:
STREET 1: 1601 DODGE STREET, SUITE 3300
CITY: OMAHA
STATE: NE
ZIP: 68102
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MAGNOLIA GROUP, LLC
CENTRAL INDEX KEY: 0001618376
STATE OF INCORPORATION: OK
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31924
FILM NUMBER: 231032710
BUSINESS ADDRESS:
STREET 1: 1601 DODGE STREET
STREET 2: SUITE 3300
CITY: OMAHA
STATE: NE
ZIP: 68102
BUSINESS PHONE: 918-796-3158
MAIL ADDRESS:
STREET 1: 1601 DODGE STREET
STREET 2: SUITE 3300
CITY: OMAHA
STATE: NE
ZIP: 68102
FORMER NAME:
FORMER CONFORMED NAME: MAGNOLIA GROUP LLC
DATE OF NAME CHANGE: 20140902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NELNET INC
CENTRAL INDEX KEY: 0001258602
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 840748903
STATE OF INCORPORATION: NE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 121 SOUTH 13TH ST
STREET 2: STE 201
CITY: LINCOLN
STATE: NE
ZIP: 68508
BUSINESS PHONE: 402-458-2370
MAIL ADDRESS:
STREET 1: 121 SOUTH 13TH ST
STREET 2: STE 201
CITY: LINCOLN
STATE: NE
ZIP: 68508
4
1
fp0083927-1_4.xml
X0407
4
2023-06-20
0
0001258602
NELNET INC
NNI
0001667769
Peterson Adam K
1601 DODGE STREET, SUITE 3300
OMAHA
NE
68102
1
0
0
1
See below
0001618333
MAGNOLIA CAPITAL FUND, LP
1601 DODGE STREET, SUITE 3300
OMAHA
NE
68102
0
0
0
1
See remarks
0001618376
MAGNOLIA GROUP, LLC
1601 DODGE STREET
SUITE 3300
OMAHA
NE
68102
0
0
0
1
See remarks
0
Phantom Stock
2023-06-20
4
A
0
2123
84.79
A
Class A Common Stock
2123
1905280
D
1-for-1.
The 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 promptly after 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 promptly after 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 promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
1,900,000 of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 1,900,000 shares of Common Stock of Nelnet Inc held by Magnolia Capital Fund, LP. Mr. Peterson holds directly the 5,280 shares of Phantom Stock for his own account.
Includes a total of 10 shares acquired on September 15, 2022, 9 shares acquired on December 15, 2022, 10 shares acquired on March 15, 2023, and 9 shares acquired on June 15, 2023 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.
TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein of shares except the 5,280 shares Mr. Peterson directly owns, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.
/s/ Adam K. Peterson
2023-06-22
/s/ Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC
2023-06-22
/s/ Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC
2023-06-22