SEC Form 4 · accession 0001127602-16-067055
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Kane
Officer — EVP & Group President
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 8:04 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 StockF2 | Nov 9, 2016 | M | 13,636 | $0.00 | A | 284,378 | D | |
| Common Stock | Nov 9, 2016 | F | 11,050 | $14.50 | D | 273,328 | D | |
| Common Stock | Nov 9, 2016 | S | 2,586 | $14.70 | D | 270,742 | D | |
| Common StockF3 | holding | — | — | — | 7,609 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $10.2558 | Nov 9, 2016 | M | 13,636 | D | Feb 3, 2015 | Feb 3, 2017 | Common Stock | 13,636 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on November 2, 2016, and effective on November 2, 2016.
- F2Dividend equivalent rights issued on restricted and performance stock units are included in the reporting person's common stock holding balance.
- F3Between April 29, 2016, and November 10, 2016, Mr. Kane acquired 182.4786 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 November 10, 2016.