SEC Form 4 · accession 0001127602-18-001219
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Remondi
Officer — Chief Executive Officer · Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 8:16 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 StockF2 | Jan 2, 2018 | M | 2,000,000 | $13.50 | A | 3,492,858 | D | |
| Common Stock | Jan 2, 2018 | F | 1,802,454 | $13.50 | D | 1,690,404 | D | |
| Common Stock | holding | — | — | — | 250 | I | As custodian for child |
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) | $11.096 | Jan 2, 2018 | M | 2,000,000 | D | Apr 30, 2014 | Jan 8, 2018 | Common Stock | 2,000,000 | 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 November 1, 2017, and effective on November 3, 2017, and represent exercises of stock options set to expire on January 8, 2018.
- F2Dividend equivalent rights issued on restricted and performance stock units are included in the reporting person's common stock holding balance.