NELNET INC 4
4 · NELNET INC · Filed Sep 18, 2007
Insider Transaction Report
Form 4
NELNET INCNNI
ABEL JAMES P
Director
Transactions
- Award
Phantom Stock
2007-09-15+22→ 5,847 total→ Class A Common Stock (22 underlying)
Footnotes (2)
- [F1]1 - for - 1
- [F2]The shares of phantom stock were granted pursuant to a dividend paid by the issuer and adjusted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at 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 at the time of termination of the reporting person's service as a member of the issuer's Board, or in four annual installments, commencing at the time of termination of the reporting person's service on the Board, as elected by the reporting person.