SEC Form 4 · accession 0001127602-18-004322
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gilleland Diane Suitt
Director
Period of report
Feb 5, 2018
Accepted (ET)
Feb 6, 2018 · 4:30 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 | Feb 5, 2018 | A | 9,537 | $0.00 | A | 115,296 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restricted stock will vest if the reporting person is re-elected as a director at the Company's 2018 annual meeting of shareholders, which meeting is currently scheduled for May 24, 2018.
- F2The reporting person's common stock balance reflects the disposition of 0.6278 shares settled in cash upon the delivery of dividend equivalent rights accrued on previously unvested restricted stock, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.