SEC Form 4 · accession 0001127602-15-023770
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Remondi
Officer — Chief Executive Officer · Director
Period of report
Jul 28, 2015
Accepted (ET)
Jul 30, 2015 · 4:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jul 28, 2015 | P | 20,000 | $15.8091 | A | 1,020,930 | D | |
| Common Stock | Jul 28, 2015 | P | 250 | $15.8246 | A | 250 | I | As custodian for child |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the weighted average price per share of stock purchased by Mr. Remondi between $15.805 and $15.81. The reporting person undertakes to provide to Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
- F2Dividend equivalent rights issued on restricted stock units and performance stock units are included in Mr. Remondi's common stock holding balance.
- F3Reflects the disposition of 0.495 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.