BUTTERFIELD STEPHEN F 4

Accession 0001437749-18-000986

CIK 0001258602other

View on SEC.gov Company Profile

Filed

Jan 22, 7:00 PM ET

Accepted

Jan 23, 4:36 PM ET

Size

38.8 KB

Accession

0001437749-18-000986

Insider Transaction Report

Form 4

Period: 2017-12-29

NELNET INCNNI

BUTTERFIELD STEPHEN F

Director

Transactions

Gift
Class B Common Stock
2017-12-29−8,345→ 61,941 total(indirect: By CLAT)

Holdings

Class B Common Stock
(indirect: By GRAT)
76,521
Class B Common Stock
(indirect: By GRAT)
88,385
Class B Common Stock
(indirect: By GRAT)
82,947
Class B Common Stock
(indirect: By GRAT)
95,787
Class B Common Stock
(indirect: By GRAT)
88,385
Class B Common Stock
(indirect: By GRAT)
92,327
Class B Common Stock
(indirect: By GRAT)
94,288
Class B Common Stock
(indirect: By GRAT)
100,000
Class B Common Stock
881,077
Class B Common Stock
(indirect: By Spouse)
70,586
Class B Common Stock
(indirect: By GRAT)
76,521
Class B Common Stock
(indirect: By GRAT)
82,947
Class B Common Stock
(indirect: By GRAT)
95,787
Class B Common Stock
(indirect: By GRAT)
99,259
Class B Common Stock
(indirect: By corporation)
1,586,691
Class B Common Stock
(indirect: By Trust)
50,425
Class B Common Stock
(indirect: By Trust)
50,425
Class B Common Stock
(indirect: By Trust)
50,425
Class B Common Stock
(indirect: By Trust)
50,425
Class B Common Stock
(indirect: By Trust)
50,425

Footnotes (21)

[F1]Shares held by a charitable lead annuity trust ("CLAT") established by the reporting person, of which CLAT the descendants of the reporting person are remainder beneficiaries, which reflects the charitable distribution of 8,345 shares from the CLAT on December 29, 2017 pursuant to the terms of the CLAT. The reporting person continues to report beneficial ownership of all the remaining shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F10]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 522 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F11]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 11,565 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F12]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 5,750 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F13]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 3,818 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F14]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 2,857 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F15]Shares held by a separate GRAT dated December 18, 2015. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F16]Shares held by Union Financial Services, Inc. ("UFS"), of which the reporting person is a director and president and owns 50.0% of the outstanding capital stock. The reporting person continues to report beneficial ownership of all the shares held by UFS, but disclaims beneficial ownership of the shares held by UFS except to the extent of his pecuniary interest therein.
[F17]Shares held by a trust, of which an adult son of the reporting person is the beneficiary. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F18]Shares held by a trust, of which an adult son of the reporting person is the beneficiary. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F19]Shares held by a trust, of which an adult son of the reporting person is the beneficiary. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F2]Includes shares distributed to the reporting person by grantor retained annuity trusts ("GRATs") as discussed in footnotes (4) through (7) and set forth in line items corresponding thereto.
[F20]Shares held by a trust, of which a son of the reporting person is the beneficiary.
[F21]Shares held by a trust, of which a daughter of the reporting person is the beneficiary.
[F3]Includes shares distributed to the reporting person's spouse by GRATs as discussed in footnotes (8) through (14) and set forth in line items corresponding thereto.
[F4]Shares held by a GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person of 11,565 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F5]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person of 5,750 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F6]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person of 9,254 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F7]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person of 2,380 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F8]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 9,254 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
[F9]Shares held by a separate GRAT dated December 18, 2015, which reflects the distribution and transfer from the trust to the reporting person's spouse of 2,380 shares on December 18, 2017. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.

Documents

2 files

Issuer

NELNET INC

CIK 0001258602

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Entity typeother

Related Parties

filerCIK 0001269793

Filing Metadata

Form type: 4
Filed: Jan 22, 7:00 PM ET
Accepted: Jan 23, 4:36 PM ET
Size: 38.8 KB

View on SEC.gov