0001437749-21-018967.txt : 20210806
0001437749-21-018967.hdr.sgml : 20210806
20210806180115
ACCESSION NUMBER: 0001437749-21-018967
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210804
FILED AS OF DATE: 20210806
DATE AS OF CHANGE: 20210806
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Butterfield Shelby J
CENTRAL INDEX KEY: 0001808121
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31924
FILM NUMBER: 211154071
MAIL ADDRESS:
STREET 1: 121 SOUTH 13TH STREET, SUITE 100
CITY: LINCOLN
STATE: NE
ZIP: 68508
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
rdgdoc.xml
FORM 4
X0306
4
2021-08-04
0001258602
NELNET INC
NNI
0001808121
Butterfield Shelby J
C/O NELNET, INC.
121 SOUTH 13TH STREET, SUITE 100
LINCOLN
NE
68508
1
Class A Common Stock
2021-08-04
4
S
0
4900
74.61
D
75610
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-04
4
S
0
100
75.09
D
75510
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-05
4
S
0
4900
75.10
D
70610
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-05
4
S
0
100
75.63
D
70510
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-06
4
S
0
2096
75.54
D
68414
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-06
4
S
0
2854
76.21
D
65560
I
By Butterfield GST Non-Exempt Marital Trust
Class A Common Stock
2021-08-06
4
S
0
50
76.89
D
65510
I
By Butterfield GST Non-Exempt Marital Trust
Class B Common Stock
307370
I
By Butterfield GST Non-Exempt Marital Trust
Class B Common Stock
210047
I
By Butterfield GST Exempt Marital Trust
Class B Common Stock
136641
D
Class B Common Stock
1586691
I
By corporation
Class B Common Stock
100000
I
By GRAT
Class B Common Stock
98079
I
By GRAT
Class B Common Stock
87141
I
By GRAT
Class B Common Stock
73759
I
By GRAT
Class B Common Stock
83186
I
By GRAT
Class B Common Stock
87876
I
By GRAT
Class B Common Stock
73502
I
By GRAT
Class B Common Stock
86845
I
By GRAT
Class B Common Stock
13533
I
By trust
Class B Common Stock
13534
I
By trust
Class B Common Stock
38291
I
By CLAT
Class B Common Stock
29967
I
By the Estate of Stephen F. Butterfield
Class B Common Stock
50325
I
By trust
Class B Common Stock
50325
I
By trust
Class B Common Stock
18394
I
By trust
Class B Common Stock
18394
I
By trust
Class B Common Stock
100
I
By the reporting person as UTMA custodian for daughter
Class B Common Stock
100
I
By the reporting person as UTMA custodian for son
These shares were sold by the Stephen F. Butterfield GST Non-Exempt Marital Trust pursuant to a Rule 10b5-1 Trading Plan adopted by such trust on June 3, 2021 for purposes of meeting long-term estate planning and diversification objectives of such trust.
Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows significant shareholders 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 shareholder does not retain or exercise any discretion over transfers of stock under the plan and the pre-planned trades may be executed at later dates as set forth in the plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.09 to $75.08, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3), (5), (6) and (7) to this Form 4.
Shares held by the Stephen F. Butterfield GST Non-Exempt Marital Trust (the "Butterfield GST Non-Exempt Marital Trust"), an estate planning trust for the family of Stephen F. Butterfield. The reporting person reports 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 her pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.55 to $75.53, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.86 to $75.85, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.86 to $76.83, inclusive.
Shares held by the Stephen F. Butterfield GST Exempt Marital Trust, an estate planning trust for the family of Stephen F. Butterfield. The reporting person reports 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 her pecuniary interest therein.
Shares held by Union Financial Services, Inc. ("UFS"), of which the Butterfield GST Non-Exempt Marital Trust owns 50.0% of the outstanding capital stock and the Executive Chairman of the issuer owns the other 50.0% of the outstanding capital stock. The reporting person reports beneficial ownership of all the shares held by UFS, but disclaims beneficial ownership of the shares held by UFS except to the extent of her pecuniary interest therein.
Shares held by a grantor retained annuity trust ("GRAT") established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by the reporting person on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a separate GRAT established by Stephen F. Butterfield on December 18, 2015. The reporting person reports 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 her pecuniary interest therein.
Shares held by a trust for the benefit of the reporting person's daughter established under the restated agreement for the Stephen F. Butterfield Revocable Living Trust, which became irrevocable upon the passing of Mr. Butterfield on April 16, 2018.
Shares held by a trust for the benefit of the reporting person's son established under the restated agreement for the Stephen F. Butterfield Revocable Living Trust, which became irrevocable upon the passing of Mr. Butterfield on April 16, 2018.
Shares held by a charitable lead annuity trust ("CLAT") established by Stephen F. Butterfield, of which CLAT the descendants of the reporting person are included as remainder beneficiaries. 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 her pecuniary interest therein.
Shares held by the Estate of Stephen F. Butterfield (the "Butterfield Estate"), for which the reporting person is the personal representative. The reporting person disclaims beneficial ownership of the shares held by the Butterfield Estate, except to the extend of her pecuniary interest therein.
Shares held by a trust, of which the daughter of the reporting person is the beneficiary.
Shares held by a trust, of which the son of the reporting person is the beneficiary.
Shares held by a trust for the benefit of the reporting person's daughter.
Shares held by a trust for the benefit of the reporting person's son.
/s/ Audra Hoffschneider, Attorney-in-Fact for Shelby J. Butterfield
2021-08-06