NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

WHITEBOX ADVISORS LLC's Holding History (CIK: 0001257391)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 152,308 Value ($000) $5,271 Avg Close $39.38 Range $34.26 - $44.92

Q2 2015

Shares 175,158 Value ($000) $7,586 Avg Close $43.92 Range $40.81 - $48.69

Q1 2015

Shares 174,488 Value ($000) $8,257 Avg Close $46.14 Range $43.00 - $48.80

Q4 2014

Shares 176,005 Value ($000) $8,154 Avg Close $45.54 Range $42.42 - $48.52

Q3 2014

Shares 266,200 Value ($000) $11,471 Avg Close $42.91 Range $40.16 - $45.91

Q2 2014

Shares 339,292 Value ($000) $14,057 Avg Close $40.94 Range $38.42 - $44.20

Q1 2014

Shares 152,297 Value ($000) $6,229 Avg Close $39.47 Range $34.86 - $44.30

Q4 2013

Shares 57,568 Value ($000) $2,426 Avg Close $42.18 Range $38.00 - $45.49

Q3 2013

Shares 21,437 Value ($000) $824 Avg Close $38.64 Range $36.06 - $41.74

Q2 2013

Shares 43,469 Value ($000) $1,569 Avg Close $35.78 Range $31.56 - $39.98

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	152,308	$5,271	$39.38	$34.26 - $44.92
Q2 2015	175,158	$7,586	$43.92	$40.81 - $48.69
Q1 2015	174,488	$8,257	$46.14	$43.00 - $48.80
Q4 2014	176,005	$8,154	$45.54	$42.42 - $48.52
Q3 2014	266,200	$11,471	$42.91	$40.16 - $45.91
Q2 2014	339,292	$14,057	$40.94	$38.42 - $44.20
Q1 2014	152,297	$6,229	$39.47	$34.86 - $44.30
Q4 2013	57,568	$2,426	$42.18	$38.00 - $45.49
Q3 2013	21,437	$824	$38.64	$36.06 - $41.74
Q2 2013	43,469	$1,569	$35.78	$31.56 - $39.98