NELNET INC 4
4 · NELNET INC · Filed Sep 18, 2007
Insider Transaction Report
Form 4
NELNET INCNNI
VANHORN JAMES
Director
Transactions
- Award
Phantom Stock
2007-09-15+15→ 3,939 total→ Class A Common Stock (15 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 four annual installments, commencing at the time of termination of the reporting person's service on the Board, as elected by the reporting person.