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Filing Details

Accession Number:: 0001127602-15-005345
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-10 21:12:49
Reporting Period:: 2015-02-06

Filing Date:: 2015-02-10
Accepted Time:: 2015-02-10 21:12:49
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
1605737	Somsak Chivavibul	123 Justison Street Suite 300 Wilmington DE 19801	Chief Financial 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	2015-02-06	1,184	$21.38	117,276	No	4	S	Direct
Common Stock	Disposition	2015-02-07	896	$21.35	116,379	No	4	F	Direct
Common Stock	Disposition	2015-02-07	1,765	$21.35	114,614	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	18,159	Indirect	By 401(k)
Common Stock	2,098	Indirect	By Spouse

Footnotes

Per the instructions of Mr. Chivavibul, an additional 1,184 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.
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. Chivavibul was granted 2,708 vested restricted stock units ("RSUs") representing the right to receive shares of Navient common stock in the future, subject to transfer restrictions which fully lapse on February 7, 2015. On February 7, 2015, 2,708 shares of such RSUs were settled and an additional 154.4623 shares were issued to Mr. Chivavibul upon the delivery of the related dividend equivalent rights. In connection with this settlement, 896 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Chivavibul's tax withholding obligations.
Also reflects the disposition of .4623 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.
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. Chivavibul was granted 9,927 RSUs representing the right to receive shares of Navient common stock in the future, which vest in one-half increments on February 7, 2015 and 2016. On February 7, 2015, 4,964 shares of such RSUs were settled and an additional 283 shares were issued to Mr. Chivavibul upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,765 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Chivavibul's tax withholding obligations.
Between February 4, 2015, and February 6, 2015 Mr. Chivavibul's share equivalents of Navient common stock under the Navient 401(k) Plan decreased by 8.3500. The information in this report is based on the individual's actual account balance as of February 6, 2015.