0001437749-22-006138.txt : 20220314 0001437749-22-006138.hdr.sgml : 20220314 20220314162353 ACCESSION NUMBER: 0001437749-22-006138 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220310 FILED AS OF DATE: 20220314 DATE AS OF CHANGE: 20220314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Munn William J CENTRAL INDEX KEY: 0001294176 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31924 FILM NUMBER: 22736940 BUSINESS ADDRESS: BUSINESS PHONE: 303-696-5405 MAIL ADDRESS: STREET 1: 3015 SOUTH PARKER ROAD, SUITE 400 STREET 2: NELNET LEGAL DEPARTMENT CITY: AURORA STATE: CO ZIP: 80014 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 2022-03-10 0001258602 NELNET INC NNI 0001294176 Munn William J 121 SOUTH 13TH STREET SUITE 100 LINCOLN NE 68508 1 Secy/Chief Legal Off/Gen Coun Class A Common Stock 2022-03-10 4 F 0 152 83.64 D 17898 D Class A Common Stock 2022-03-10 4 F 0 126 83.64 D 17772 D Class A Common Stock 2022-03-10 4 F 0 116 83.64 D 17656 D Class A Common Stock 2022-03-10 4 F 0 137 83.64 D 17519 D Class A Common Stock 2022-03-10 4 F 0 119 83.64 D 17400 D Class A Common Stock 2022-03-10 4 A 0 2421 0 A 19821 D Class A Common Stock 2022-03-10 4 A 0 4176 0 A 23997 D Class A Common Stock 2022-03-10 4 F 0 1226 82.62 D 22771 D Class A Common Stock 2022-03-14 4 S 0 500 83.99 D 22271 D These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d). Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2022. Includes 500 shares held jointly with spouse. These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year. These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2021 paid in stock, which the reporting person became entitled to receive on March 10, 2022. These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2022 award by the issuer of 4,176 shares of bonus compensation stock. Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for March 1, 2022 through March 7, 2022. These shares were sold pursuant to a Rule 10b5-1 Trading Plan (the "Plan") entered into by the reporting person on September 16, 2021. 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 of September 15, 2022. 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. 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 purchases or 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. /s/ Audra Hoffschneider, Attorney-in-Fact for William J. Munn 2022-03-14