4//SEC Filing
BRAMSON EDWARD J 4
Accession 0000921895-22-001074
CIK 0001593538other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 6:24 PM ET
Size
19.2 KB
Accession
0000921895-22-001074
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Sherborne Investors LP
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Newbury Investors LLC
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Sherborne Investors GP, LLC
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Transactions
- Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC) - Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC)
BRAMSON EDWARD J
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Sherborne Investors Management LP
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Welker Stephen
10% Owner
Transactions
- Purchase
Common Stock
2022-03-31$17.13/sh+315,408$5,402,939→ 29,123,997 total(indirect: By LLC) - Purchase
Common Stock
2022-04-01$17.13/sh+326,000$5,584,380→ 29,449,997 total(indirect: By LLC)
Footnotes (5)
- [F1]This Form 4 is filed jointly by Newbury Investors LLC ("Newbury Investors"), Sherborne Investors LP ("Sherborne Investors LP"), Sherborne Investors Management LP ("Sherborne Investors Management"), Sherborne Investors GP, LLC ("Sherborne GP"), Sherborne Investors Management GP, LLC ("Sherborne Management GP"), Edward Bramson and Stephen Welker (collectively, the "Reporting Persons").
- [F2]Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
- [F3]Shares of Common Stock directly owned by Newbury Investors. Each of Sherborne Investors LP, as the managing member of Newbury Investors, Sherborne Investors Management, as the investment manager of Newbury Investors, Sherborne GP, as the general partner of Sherborne Investors LP, Sherborne Management GP, as the general partner of Sherborne Investors Management, and Messrs. Bramson and Welker, as managing directors of each of Sherborne Management GP and Sherborne GP, may be deemed to be the beneficial owner of the shares of Common Stock directly owned by Newbury Investors.
- [F4]The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $16.81 to $17.43, inclusive. The Reporting Persons undertake to provide Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $16.92 to $17.32, inclusive. The Reporting Persons undertake to provide Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001016268
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 6:24 PM ET
- Size
- 19.2 KB