SEC Form 4 · accession 0001127602-17-013072
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian M. Lown
Officer — EVP & Chief Financial Officer
Period of report
Mar 27, 2017
Accepted (ET)
Mar 28, 2017 · 5:52 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 | Mar 27, 2017 | A | 71,428 | $0.00 | A | 71,428 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of a one-time inducement equity award of restricted stock units ("Inducement RSUs"), which is classified as "Common Stock", as permitted, since the Inducement RSUs will be settled solely by the delivery of shares of Navient common stock. These Inducement RSUs vest in one-third increments on each of the first, second and third anniversaries of the grant date.