Rath Kimberly Kay 4
4 · NELNET INC · Filed Jun 27, 2012
Insider Transaction Report
Form 4
NELNET INCNNI
Rath Kimberly Kay
Director
Transactions
- Award
Phantom Stock
2012-06-25+4,274→ 23,417 total→ Class A Common Stock (4,274 underlying)
Footnotes (3)
- [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.
- [F3]Includes a total of 333 securities acquired since July 13, 2011 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.