SEC Form 4 · accession 0001127602-16-040104
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
Feb 4, 2016
Accepted (ET)
Feb 8, 2016 · 8:46 pm EST
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 | Feb 4, 2016 | P | 3,800 | $9.392 | A | 91,519 | D | |
| Common StockF3 | holding | — | — | — | 5,904 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Heleen acquired 3,800 shares in an open market transaction using a portion of the annual cash incentive award he received on February 4, 2016, under Navient Corporation's 2015 Management Incentive Plan.
- F2Represents the weighted average price per share of stock purchased by Mr. Heleen between $9.27 and $9.62. 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.
- F3Between February 4, 2016, and February 5, 2016, Mr. Heleen acquired 2.5514 share equivalents of Navient common stock under the Navient 401(k) Plan. The information in this report is based on the reporting person's actual account balance as of February 5, 2016.