Muhleisen’s “Big Sandy” Spanish-Style Splendor in the Grass, Sand & Gated Community (AM’s 2nd Home) while Cornhusker Students suffer with “Predatory Student Loan Debt” that keeps them from buying condos, health insurance, healthy food, starting families & more!

July 6, 2012

Uncategorized

MMD Newswire: Press Release News Wire                                             

Insider at Nelnet Inc (NNI), Angie Muhleisen, sells USD 250K of stock

LINCOLN, NE  (MMD Newswire) April 19, 2012 — Angie Muhleisen sold 10,000 shares of Nelnet Inc stock, or $250,223 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on April 16, 2012.

After the transaction, Angie Muhleisen’s stake was reported as 530,245 shares of Nelnet Inc stock.

As noted on April 18, 2012, Angie Muhleisen’s sale was done indirectly through “By adult son” over 2 transactions on April 16, 2012. The share price for the transaction was $25.02 according to the regulatory filing detailing the trade.

If we look over the past 12 months, Angie Muhleisen has sold a total of 127,500 shares of Nelnet Inc, proceeds from the sale totaled $2,885,758. Over the same time period, Angie Muhleisen has purchased no shares of Nelnet Inc stock.

Let’s take a quick, high-level look at insider trading at Nelnet Inc over the past 12 months. A total of 177,500 shares of Nelnet Inc stock was sold by insiders, totaling $4,054,455. Over the same time 12 month time period, no shares of Nelnet Inc were purchased by company insiders.

Source: SEC Filings

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

OMB APPROVAL

OMB Number: 3235-0287

Estimated average burden

hours per response… 0.5

 

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public

Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

                      

1. Name and Address of Reporting Person *

MUHLEISEN ANGIE

2. Issuer Name and Ticker or Trading Symbol

NELNET INC [ NNI ]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner

_____ Officer (give title below)      _____ Other (specify below)

(Last)          (First)          (Middle)

C/O FARMERS & MERCHANTS INVESTMENT INC., 6801 SOUTH 27TH STREET

3. Date of Earliest Transaction (MM/DD/YYYY)

7/5/2012

(Street)

LINCOLN, NE 68512

(City)        (State)        (Zip)

4. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person

___ Form filed by More than One Reporting Person

 

Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security

(Instr. 3)

2. Trans. Date

2A. Deemed Execution Date, if any

3. Trans. Code

(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)

(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

Amount

(A) or (D)

Price

Class A Common Stock  

7/5/2012  

 

S (1) (2)

  

12500  

D

$23.6825   (3)

1024890  

I  

By spouse  

Class A Common Stock  

 

 

 

  

 

 

 

2722380   (4)

D  

 

Class A Common Stock  

 

 

 

  

 

 

 

524102  

I  

By adult daughter  

Class A Common Stock  

 

 

 

  

 

 

 

524102  

I  

By adult son  

Class A Common Stock  

 

 

 

  

 

 

 

411110   (5)

I  

By GRAT  

Class A Common Stock  

 

 

 

  

 

 

 

411110   (6)

I  

By GRAT  

Class A Common Stock  

 

 

 

  

 

 

 

404500   (7)

I  

By corporation  

 

Table II – Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security

(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Trans. Date

3A. Deemed Execution Date, if any

4. Trans. Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date

7. Title and Amount of Securities Underlying Derivative Security

(Instr. 3 and 4)

8. Price of Derivative Security

(Instr. 5)

9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

                                                       

Explanation of Responses:

( 1) 

These shares were sold by Dan Muhleisen pursuant to a Rule 10b5-1 Sales Plan (the “Plan”) entered into on March 8, 2012, which provides for the sale of shares of the issuer’s Class A Common Stock, subject to limit price provisions and an expiration date of January 5, 2013. To the extent any future sales occur pursuant to the Plan, such sales will be publicly disclosed in Form 4 filings with the Securities and Exchange Commission (the “SEC”).

( 2) 

Rule 10b5-1, promulgated under the Securities Exchange Act of 1934, allows significant shareholders 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 shareholder 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.

( 3) 

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.4300 to $24.0900 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range.

( 4) 

These shares include 88,864 shares that the reporting person holds jointly with her spouse.

( 5) 

Shares held by the Angela L. Muhleisen Grantor Retained Annuity Trust dated August 29, 2003. 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 her pecuniary interests therein.

( 6) 

Shares held by the Dan D. Muhleisen Grantor Retained Annuity Trust dated August 29, 2003. 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 her pecuniary interests therein.

( 7) 

Shares held by Farmers & Merchants Investment Inc. (“F&M”), of which the reporting person is a director and co-president and owns or controls approximately 38.6% of the outstanding capital stock. The reporting person continues to report beneficial ownership of all the shares held by F&M, but disclaims beneficial ownership of the shares held by F&M except to the extent of her pecuniary interests therein.

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

 

MUHLEISEN ANGIE

C/O FARMERS & MERCHANTS INVESTMENT INC.

6801 SOUTH 27TH STREET

LINCOLN, NE 68512

 

 

 

 

 

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