NELNET INC 4
4 · NELNET INC · Filed Aug 13, 2015
Insider Transaction Report
Form 4
NELNET INCNNI
Farrell Kathleen Anne
Director
Transactions
- Sale
Class A Common Stock
2015-08-12$41.02/sh−5,000$205,100→ 3,137 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 May 14, 2015, which provided for the sale of shares of the issuer's Class A Common Stock. 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 directors 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 director 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 director may receive.