SEC Form 4 · accession 0001127602-18-006225
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Whorley Jr.
Officer — EVP & Group President
Period of report
Feb 13, 2018
Accepted (ET)
Feb 14, 2018 · 9:33 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 | Feb 13, 2018 | M | 174,257 | $9.18 | A | 439,378 | D | |
| Common Stock | Feb 13, 2018 | F | 135,539 | $13.64 | D | 303,839 | D |
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)F1 | $9.18 | Feb 13, 2018 | M | 174,257 | D | — | Feb 3, 2021 | Common Stock | 174,257 | 87,129 | D |
Explanation of responses
- F1Grant of net-settled stock options under the Navient Corporation 2014 Omnibus Incentive Plan. These options have vested or will vest in one-third increments on each of February 3, 2017, February 3, 2018, and February 3, 2019.