SEC Form 4 · accession 0001127602-15-004604
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Diefenderfer III
Director
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593538
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F1 | — | Feb 3, 2015 | A | 8,117 | A | — | — | Common Stock | 8,117 | 15,088 | D |
Explanation of responses
- F1Phantom stock units acquired pursuant to the terms of the Director Deferred Compensation Plan. Phantom stock units are to be settled in shares of Navient Corporation common stock, on a one-to-one basis, upon the reporting person's separation from service.
- F2Dividends accrued on phantom stock units pursuant to the terms of the Director Deferred Compensation Plan are included in Mr. Diefenderfer's holding balance.