SEC Form 4 · accession 0001127602-17-005606
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 9, 2017
Accepted (ET)
Feb 13, 2017 · 7:19 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 Stock | Feb 9, 2017 | M | 39,933 | $9.18 | A | 168,036 | D | |
| Common Stock | Feb 9, 2017 | F | 29,358 | $15.44 | D | 138,678 | D | |
| Common StockF1 | holding | — | — | — | 6,209 | 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)F2 | $9.18 | Feb 9, 2017 | M | 39,933 | D | — | Feb 3, 2021 | Common Stock | 39,933 | 79,868 | D |
Explanation of responses
- F1Between February 6, 2017, and February 9, 2017 Mr. Heleen's share equivalents of Navient common stock under the Navient 401(k) Plan decreased by 0.3351. The information in this report is based on the reporting person's actual account balance as of February 9, 2017.
- F2Grant of net-settled stock options under the Navient Corporation 2014 Omnibus Incentive Plan. These options vest in one-third increments on each of the first, second and third anniversaries of the grant date.