SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

POND PETER

(Last)

(First)

(Middle)

2920 N COMMONWEALTH AVE APT 8

(Street)

CHICAGO

66057-6283

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NAVIGANT CONSULTING INC [ NCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Navigant Consulting	02/20/2007		M		100	A	$14.9167	7,100	D
Navigant Consulting	02/20/2007		S		100	D	$20.25	7,000	D
Navigant Consulting	02/20/2007		M		300	A	$14.9167	7,300	D
Navigant Consulting	02/20/2007		S		300	D	$20.26	7,000	D
Navigant Consulting	02/20/2007		M		600	A	$14.9167	7,100	D
Navigant Consulting	02/20/2007		S		600	D	$20.27	7,000	D
Navigant Consulting	02/20/2007		M		200	A	$14.9167	7,200	D
Navigant Consulting	02/20/2007		S		200	D	$20.28	7,000	D
Navigant Consulting	02/20/2007		M		1,600	A	$14.9167	8,600	D
Navigant Consulting	02/20/2007		S		1,600	D	$20.29	7,000	D
Navigant Consulting	02/20/2007		M		200	A	$14.9167	7,200	D
Navigant Consulting	02/20/2007		S		200	D	$20.3	7,000	D
Navigant Consulting	02/20/2007		M		6,100	A	$14.9167	13,100	D
Navigant Consulting	02/20/2007		S		6,100	D	$20.32	7,000	D
Navigant Consulting	02/20/2007		M		2,100	A	$14.9167	9,100	D
Navigant Consulting	02/20/2007		S		2,100	D	$20.33	7,000	D
Navigant Consulting	02/20/2007		M		5,900	A	$14.9167	12,900	D
Navigant Consulting	02/20/2007		S		5,900	D	$20.34	7,000	D
Navigant Consulting	02/20/2007		M		2,300	A	$14.9167	9,300	D
Navigant Consulting	02/20/2007		S		2,300	D	$20.35	7,000	D
Navigant Consulting	02/20/2007		M		3,100	A	$14.9167	10,100	D
Navigant Consulting	02/20/2007		S		3,100	D	$20.36	7,000	D
Navigant Consulting	02/22/2007		M		2,800	A	$13.3333	9,800	D
Navigant Consulting	02/22/2007		S		2,800	D	$20.44	7,000	D
Navigant Consulting	02/22/2007		M		2,500	A	$13.3333	9,500	D
Navigant Consulting	02/22/2007		S		2,500	D	$20.45	7,000	D
Navigant Consulting	02/22/2007		M		2,100	A	$13.3333	9,100	D
Navigant Consulting	02/22/2007		S		2,100	D	$20.46	7,000	D
Navigant Consulting	02/22/2007		M		2,100	A	$13.3333	9,100	D
Navigant Consulting	02/22/2007		S		2,100	D	$20.47	7,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Navigant Stock Option PL	$14.9167	02/20/2007		M			22,500	⁽¹⁾	03/13/2007	Navigant Consulting	22,500	$0	123,769	D
Navigant Stock Option PL	$13.3333	02/22/2007		M			13,500	⁽²⁾	05/21/2007	Navigant Consulting	13,500	$0	110,269	D

Explanation of Responses:

1. The options vested with respect to 50% of the shares subject thereto on March 13, 1999 and 25% of the shares subject thereto on each of March 13, 2000 and March 13, 2001.

2. The options vested in three equal installments on each of May 21, 1998, and 1999 and 2000.

	/s/ PETER POND	02/22/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.