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Filing Details

Accession Number:: 0001437749-10-002944
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-09-09 14:26:19
Reporting Period:: 2010-09-07

Filing Date:: 2010-09-09
Accepted Time:: 2010-09-09 14:26:19
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	2010-09-07	10,000	$22.67	1,224,390	No	4	S	Indirect	By spouse

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	2,698,819	Direct
Class A Common Stock	404,500	Indirect	By corporation
Class A Common Stock	456,610	Indirect	By GRAT
Class A Common Stock	456,610	Indirect	By GRAT
Class A Common Stock	575,245	Indirect	By daughter
Class A Common Stock	575,245	Indirect	By son

Footnotes

These shares were sold by Dan Muhleisen pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on May 12, 2010, 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 August 13, 2011. 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 "SEC").
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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.5403 to $22.7501 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range.
The number of shares held by the reporting person's spouse reflects the distribution to the reporting person's spouse of 48,700 shares from a grantor retained annuity trust as discussed in Note (8) below.
These shares include 88,864 shares that the reporting person holds jointly with her spouse. The number of shares held by the reporting person reflects the distribution to the reporting person of 48,700 shares from a grantor retained annuity trust as discussed in Note (7) below.
Shares held by Farmers & Merchants Investment Inc. ("F&M"), of which the reporting person is a director, executive officer and owns or controls approximately 38.5% of the outstanding voting 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 August 29, 2003. The number of shares held by the trust reflects the distribution by the trust of 48,700 shares to the reporting person effective August 27, 2010. 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 August 29, 2003. The number of shares held by the trust reflects the distribution by the trust of 48,700 shares to the reporting person's spouse effective August 27, 2010. 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.