SEC Form 4 · accession 0001127602-17-028271
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
Sep 26, 2017
Accepted (ET)
Sep 27, 2017 · 8:12 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 StockF2,F3 | Sep 26, 2017 | M | 54,579 | $11.4873 | A | 393,075 | D | |
| Common Stock | Sep 26, 2017 | F | 48,164 | $15.00 | D | 344,911 | D | |
| Common StockF5 | Sep 26, 2017 | S | 28,886 | $15.0001 | D | 316,025 | D | |
| Common StockF4 | holding | — | — | — | 8,548 | 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) | $11.4873 | Sep 26, 2017 | M | 54,579 | D | Feb 7, 2016 | Feb 7, 2018 | Common Stock | 54,579 | 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 August 11, 2017, and effective on August 14, 2017.
- F2The reporting person's common stock balance includes 571 shares acquired under the Navient Corporation Employee Stock Purchase Plan.
- F3Dividend equivalent rights issued on restricted and performance stock units are included in the reporting person's common stock holding balance.
- F4Between May 1, 2017, and September 26, 2017, the reporting person acquired 174.4940 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 September 26, 2017.
- F5Represents the weighted average price per share of stock sold by the reporting person $15.00 and $15.0050. 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.