SEC Form 4 · accession 0001127602-15-024192
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark L Heleen
Officer — EVP & Chief Legal Officer
Period of report
Jul 31, 2015
Accepted (ET)
Aug 4, 2015 · 9:57 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 | Jul 31, 2015 | M | 490 | $14.739 | A | 34,250 | D | |
| Common StockF3 | Jul 31, 2015 | F | 10 | $15.70 | D | 34,240 | D | |
| Common StockF4 | holding | — | — | — | 1,947 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired by the Reporting Person pursuant to the Navient Corporation Employee Stock Purchase Plan, in transaction exempt pursuant to Rule 16b-3(c) and Rule 16b-3(d).
- F2Dividend equivalent rights issued on restricted stock units and performance stock units are included in Mr. Heleen's common stock holding balance.
- F3Shares withheld by the Issuer in respect of tax obligations arising out of the acquisition of the shares reported above, in transaction exempt pursuant to Section 16b-3(e).
- F4Between June 10, 2015, and July 31, 2015 Mr. Heleen acquired 21.0057 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of July 31, 2015.