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Filing Details

Accession Number:: 0001437749-10-000218
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-02-03 12:00:00
Reporting Period:: 2010-02-01

Filing Date:: 2010-02-03
Accepted Time:: 2010-02-03 16:29:56
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
1269812	Angie Muhleisen	C/O Farmers &Amp; Merchants Investment Inc. 6801 South 27Th Street Lincoln NE 68512		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2010-02-01	150	$16.33	622,995	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	100	$16.35	622,895	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	150	$16.41	622,745	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.42	622,695	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.43	622,645	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	100	$16.46	622,545	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	100	$16.47	622,445	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.48	622,395	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	100	$16.49	622,295	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	200	$16.50	622,095	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	150	$16.51	621,945	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.52	621,895	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	100	$16.58	621,795	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	150	$16.59	621,645	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.60	621,595	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.61	621,545	No	4	S	Indirect	By son
Class A Common Stock	Disposition	2010-02-01	50	$16.64	621,495	No	4	S	Indirect	By son

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son
No	4	S	Indirect	By son

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	2,682,904	Direct
Class A Common Stock	404,500	Indirect	By corporation
Class A Common Stock	505,310	Indirect	By GRAT
Class A Common Stock	505,310	Indirect	By GRAT
Class A Common Stock	1,195,690	Indirect	By spouse

Footnotes

These shares were sold by the reporting person as custodian for Jason Muhleisen under the Nebraska Uniform Transfers to Minors Act pursuant to a Rule 10b5-1 Sales Plan (the "J.M. Plan") entered into on September 15, 2009, which provides for the sale of shares of the issuer's Class A Common Stock, subject to limit price provisions and an expiration date of December 15, 2010. To the extent any future sales occur pursuant to the J.M. 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 significant shareholders 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 shareholder 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.
These shares include 88,864 shares that the reporting person holds jointly with her spouse.
Shares held by Farmers & Merchants Investment Inc. ("F&M"), of which the reporting person is a director, executive officer and owns or controls 36.1% of the outstanding capital stock. The reporting person continues to report beneficial ownership of all the shares held by F&M, but disclaims beneficial ownership of the shares held by F&M except to the extent of her pecuniary interests therein.
Shares held by the Angela L. Muhleisen Grantor Retained Annuity Trust dated 8/29/2003. 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 interests therein.
Shares held by the Dan D. Muhleisen Grantor Retained Annuity Trust dated 8/29/2003. 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 interests therein.