0000921895-22-001074.txt : 20220404
0000921895-22-001074.hdr.sgml : 20220404
20220404182439
ACCESSION NUMBER: 0000921895-22-001074
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220331
FILED AS OF DATE: 20220404
DATE AS OF CHANGE: 20220404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BRAMSON EDWARD J
CENTRAL INDEX KEY: 0001016268
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804402
MAIL ADDRESS:
STREET 1: C/O BATTLE FOWLER LLP
STREET 2: 135 EAST 57TH STREET 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sherborne Investors GP, LLC
CENTRAL INDEX KEY: 0001373507
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804404
BUSINESS ADDRESS:
STREET 1: 135 EAST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 735-1000
MAIL ADDRESS:
STREET 1: 135 EAST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sherborne Investors Management GP, LLC
CENTRAL INDEX KEY: 0001406671
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804403
BUSINESS ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 735-1000
MAIL ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Newbury Investors LLC
CENTRAL INDEX KEY: 0001914278
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804407
BUSINESS ADDRESS:
STREET 1: 135 EAST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 735-1000
MAIL ADDRESS:
STREET 1: 135 EAST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sherborne Investors LP
CENTRAL INDEX KEY: 0001406888
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804406
BUSINESS ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 735-1000
MAIL ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sherborne Investors Management LP
CENTRAL INDEX KEY: 0001406672
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804405
BUSINESS ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 735-1000
MAIL ADDRESS:
STREET 1: 135 E. 57TH STREET
STREET 2: 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Welker Stephen
CENTRAL INDEX KEY: 0001914277
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 22804401
MAIL ADDRESS:
STREET 1: C/O SHERBORNE INVESTORS MANAGEMENT LP
STREET 2: 135 EAST 57TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NAVIENT CORP
CENTRAL INDEX KEY: 0001593538
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 464054283
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 123 JUSTISON STREET
STREET 2: SUITE 300
CITY: WILMINGTON
STATE: DE
ZIP: 19801
BUSINESS PHONE: 302-283-8000
MAIL ADDRESS:
STREET 1: 123 JUSTISON STREET
STREET 2: SUITE 300
CITY: WILMINGTON
STATE: DE
ZIP: 19801
FORMER COMPANY:
FORMER CONFORMED NAME: New Corp
DATE OF NAME CHANGE: 20131205
4
1
form412083005_04042022.xml
OWNERSHIP DOCUMENT
X0306
4
2022-03-31
0
0001593538
NAVIENT CORP
NAVI
0001914278
Newbury Investors LLC
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001406888
Sherborne Investors LP
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001406672
Sherborne Investors Management LP
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001373507
Sherborne Investors GP, LLC
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001406671
Sherborne Investors Management GP, LLC
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001016268
BRAMSON EDWARD J
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
0001914277
Welker Stephen
135 EAST 57TH STREET
NEW YORK
NY
10022
0
0
1
0
Common Stock
2022-03-31
4
P
0
315408
17.13
A
29123997
I
By Newbury Investors LLC
Common Stock
2022-04-01
4
P
0
326000
17.13
A
29449997
I
By Newbury Investors LLC
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").
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.
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.
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.
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.
Newbury Investors LLC; By: Sherborne Investors LP; By: Sherborne Investors GP, LLC; By: /s/ Stephen Welker
2022-04-04
Sherborne Investors LP; By: Sherborne Investors GP, LLC; By: /s/ Stephen Welker
2022-04-04
Sherborne Investors Management LP; By: Sherborne Investors Management GP, LLC; By: /s/ Stephen Welker
2022-04-04
Sherborne Investors GP, LLC; By: /s/ Stephen Welker
2022-04-04
Sherborne Investors Management GP, LLC; By: /s/ Stephen Welker
2022-04-04
/s/ Edward Bramson
2022-04-04
/s/ Stephen Welker
2022-04-04