ABEL JAMES P 4
4 · NELNET INC · Filed Jun 30, 2009
Insider Transaction Report
Form 4
NELNET INCNNI
ABEL JAMES P
Director
Transactions
- Award
Phantom Stock
2009-06-26+7,143→ 19,753 total→ Class A Common Stock (7,143 underlying)
Footnotes (2)
- [F1]1 - for - 1
- [F2]The shares of phantom stock were granted 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 up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.