SEC Form 4 · accession 0001127602-17-007535
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 18, 2017
Accepted (ET)
Feb 21, 2017 · 7:27 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 | Feb 18, 2017 | F | 647 | $15.45 | D | 138,031 | D | |
| Common StockF2 | holding | — | — | — | 6,405 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported, on February 18, 2015, Mr. Heleen was granted 5,080 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant. On February 18, 2017, 1,694 shares of such RSUs were settled and an additional 158 shares were issued to Mr. Heleen upon the vesting of the related dividend equivalent rights. In connection with this settlement, 647 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Heleen's tax withholding obligations.
- F2Between February 9, 2017, and February 20, 2017 Mr. Heleen acquired 196.1734 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 February 20, 2017.