NELNET INC 4
4 · NELNET INC · Filed Jun 17, 2013
Insider Transaction Report
Form 4
NELNET INCNNI
EICHER TODD M
Executive Director
Transactions
- Sale
Class A Common Stock
2013-06-17$37.54/sh−4,436$166,527→ 230,315 total
Footnotes (2)
- [F1]These shares were sold by the reporting person pursuant to a Rule 10b5-1 Sales Plan (the "Plan") entered into on March 15, 2013, which provided for the sale of 4,436 shares of the issuer's Class A Common Stock, subject to limit price provisions. With the sale 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 executives 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 executive 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, without regard to any subsequent material non-public information related to the company that the executive may receive.