SEC Form 4 · accession 0001127602-16-061006
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Diefenderfer III
Director
Period of report
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 9:03 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 | Aug 19, 2016 | S | 16,300 | $14.198 | D | 88,737 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of Navient common stock held by an individual retirement account established for the benefit of Mr. Diefenderfer and sold to satisfy the minimum distribution requirements applicable to individual retirement accounts under the U.S. Internal Revenue Code.
- F2Represents the weighted average price per share of stock sold by Mr. Diefenderfer between $14.19 and $14.205. 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 sold at each separate price.