EICHER TODD M 4
4 · NELNET INC · Filed Feb 1, 2012
Insider Transaction Report
Form 4
NELNET INCNNI
EICHER TODD M
Executive Director
Transactions
- Sale
Class A Common Stock
2012-02-01$25.00/sh−26,000$650,000→ 33,186 total(indirect: By Spouse)
Holdings
- 345,851
Class A Common Stock
- 2,151(indirect: By 401(k))
Class A Common Stock
Footnotes (3)
- [F1]The shares were sold by the reporting person's spouse pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on June 14, 2011, which provided for the sale of shares of the issuer's Class A Common Stock, subject to limit price provisions. With the sales of the shares reported herein, the Plan has been completed and no future sales may occur pursuant to the Plan.
- [F2]Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows officers 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 officer 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.
- [F3]The reporting person has acquired a total of 83 shares under the issuer's 401(k) plan since October 20, 2011.