NAVIENT CORP 4

4 · NAVIENT CORP · Filed Feb 5, 2016

Form 4

Period: 2016-02-03

Director

Transactions

Gift
Stock Option (Right to Buy)
2016-01-29$14.29/sh−6,600$94,315→ 0 total
Exercise: $14.29From: 2014-04-30Exp: 2018-05-08→ Common Stock (6,600 underlying)
Gift
Stock Option (Right to Buy)
2016-01-29$11.49/sh−19,572$224,829→ 0 total
Exercise: $11.49From: 2014-04-30Exp: 2018-02-07→ Common Stock (19,572 underlying)
Award
Common Stock
2016-02-03+10,893→ 62,005 total
Gift
Stock Option (Right to Buy)
2016-01-29$3.70/sh−26,000$96,223→ 0 total
Exercise: $3.70From: 2014-04-30Exp: 2019-05-22→ Common Stock (26,000 underlying)
Gift
Stock Option (Right to Buy)
2016-01-29$6.61/sh−10,900$72,078→ 0 total
Exercise: $6.61From: 2014-04-30Exp: 2020-01-28→ Common Stock (10,900 underlying)

Holdings

Footnotes (3)

[F1]Grant 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 2016 annual meeting of shareholders, which meeting is currently scheduled for May 26, 2016.
[F2]Dividend equivalent rights accrued on previously unvested restricted stock awards are included in the reporting person's holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.
[F3]The reporting person made a gift of the stock options set forth above to an irrevocable trust for the benefit of himself, his spouse and his adult children. The reporting person disclaims beneficial ownership of the shares held by the trust, except to the extent of his pecuniary interest therein.

Documents

2 files