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Filing Details

Accession Number:: 0001127602-15-004607
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-05 18:10:51
Reporting Period:: 2015-02-03

Filing Date:: 2015-02-05
Accepted Time:: 2015-02-05 18:10:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1593538	Navient Corp	NAVI	Security Brokers, Dealers & Flotation Companies (6211)	464054283

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1605711	M John Kane	123 Justison Street Suite 300 Wilmington DE 19801	Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2015-02-03	1,735	$20.60	121,395	No	4	S	Direct
Common Stock	Disposition	2015-02-03	2,739	$21.08	118,656	No	4	F	Direct
Common Stock	Disposition	2015-02-03	1,356	$21.08	117,300	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	F	Direct
No	4	F	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,653	Indirect	By 401(k)
Common Stock	988	Indirect	By Supplemental Savings & Thrift

Footnotes

Per the instructions of Mr. Kane, an additional 1,735 shares were sold in an open market transaction in order to provide funds to pay the difference between his projected actual federal tax liability and the permitted amount of federal tax withholding.
Represents the weighted average price per share of stock sold by Mr. Kane between $20.595 and $20.60. The reporting person undertakes to provide to Navient Corporation ("Navient"), any security holder of Navient or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
Dividend equivalent rights issued on restricted stock units ("RSUs") are included in Mr. Kane's common stock holding balance.
As previously reported, in connection with the separation of Navient from SLM Corporation ("SLM"), Navient established the Navient Corporation 2014 Omnibus Incentive Plan and issued new Navient equity awards to holders of outstanding SLM equity awards in order to maintain the intrinsic value of prior SLM award grants. On April 30, 2014, Mr. Kane was granted 6,983 RSUs representing the right to receive shares of Navient common stock in the future, which vest fully on February 3, 2015. On February 3, 2015, 6,983 shares of such RSUs were settled and an additional 626 shares were issued to Mr. Kane upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,739 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Kane's tax withholding obligations.
As previously reported, in connection with the separation of Navient from SLM, Navient established the Navient Corporation 2014 Omnibus Incentive Plan and issued new Navient equity awards to holders of outstanding SLM equity awards in order to maintain the intrinsic value of prior SLM award grants. On April 30, 2014, Mr. Kane was granted 3,920 vested RSUs representing the right to receive shares of Navient common stock in the future, subject to transfer restrictions which fully lapse on February 3, 2015. On February 3, 2015, 3,920 shares of such RSUs were settled and an additional 353 shares were issued to Mr. Kane upon the delivery of the related dividend equivalent rights. In connection with this settlement, 1,356 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Kane's tax withholding obligations.
Between November 19, 2014, and February 3, 2015 Mr. Kane acquired 85.8187 share equivalents of Navient common stock under the Navient 401(k) Plan. The information in this report is based on the individual's actual account balance as of February 3, 2015.
Between November 19, 2014, and February 3, 2015, Mr. Kane acquired 6.6202 share equivalents of Navient common stock under the Navient Supplemental Thrift & Savings Plan. The information in this report is based on the individual's actual account balance as of February 3, 2015.