SEC Form 4 · accession 0001127602-18-000864
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Linda A Mills
Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 7:50 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,F2 | Jan 1, 2018 | M | 5,280 | — | A | 31,059 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Jan 1, 2018 | M | 5,280 | D | — | — | Common Stock | 5,280 | 0 | D |
Explanation of responses
- F1On January 1, 2018, the reporting person received a distribution of 5,279 shares of Navient common stock from the Navient Corporation Deferred Compensation Plan for Directors in settlement of an equal number of phantom stock units held pursuant to the Plan. A fractional share of the reporting person's phantom stock units (0.65) were settled in cash.
- F2Dividend equivalent rights issued on previously unvested restricted stock awards are included in the reporting person's common stock holding balance.