Filing Details

Accession Number:
0001127602-15-004609
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-05 18:12:08
Reporting Period:
2015-02-03
Filing Date:
2015-02-05
Accepted Time:
2015-02-05 18:12:08
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
1605706 Iv J Timothy Hynes 123 Justison Street
Suite 300
Wilmington DE 19801
Chief Risk Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2015-02-03 553 $20.70 74,170 No 4 S Direct
Common Stock Disposition 2015-02-03 1,212 $21.08 72,958 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 F Direct
Footnotes
  1. Per the instructions of Mr. Hynes, an additional 553 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.
  2. Dividend equivalent rights issued on restricted stock units ("RSUs") are included in Mr. Hynes's common stock holding balance.
  3. As previously reported, in connection with the separation of Navient Corporation ("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. Hynes was granted 3,471 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, 3,471 shares of such RSUs were settled and an additional 313 shares were issued to Mr. Hynes upon the delivery of the related dividend equivalent rights. In connection with this settlement, 1,212 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.