SEC Form 4 · accession 0001127602-18-003219
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 30, 2018
Accepted (ET)
Jan 31, 2018 · 5:49 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 Stock | Jan 30, 2018 | M | 256,107 | $11.4873 | A | 1,946,511 | D | |
| Common StockF2,F3 | Jan 30, 2018 | F | 231,927 | $14.3648 | D | 1,714,584 | 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) | $11.4873 | Jan 30, 2018 | M | 256,107 | D | Feb 7, 2016 | Feb 7, 2018 | Common Stock | 256,107 | 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 February 7, 2018.
- F2Includes shares withheld for the payment of (i) the option exercise price and (ii) the payment of various tax withholding obligations.
- F3Represents the weighted average price of shares withheld to satisfy various tax withholding obligations.