VANHORN JAMES 4
4 · NELNET INC · Filed Mar 2, 2010
Insider Transaction Report
Form 4
NELNET INCNNI
VANHORN JAMES
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2010-02-15+7,835→ 49,487 total - Exercise/Conversion
Phantom Stock
2010-02-15−7,835→ 11,177 totalFrom: 2010-02-15→ Class A Common Stock (7,835 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of the issuer's Class A Common Stock.
- [F2]The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. Upon the reporting person's resignation from the issuer's Board of Directors, which became effective on February 15, 2010, the shares of phantom stock became payable in shares of Class A Common Stock. The reporting person received an initial installment of 7,835 shares of Class A Common Stock at the time he ceased to be a member of the issuer's Board of Directors and will receive the remaining 11,177 shares in up to four additional annual installments.
- [F3]Includes 76 shares acquired by the reporting person on December 15, 2009, pursuant to a dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.