X0306 4 2015-02-04 0001593538 NAVIENT CORP NAVI 0001605711 KANE JOHN M 123 JUSTISON STREET SUITE 300 WILMINGTON DE 19801 1 Chief Operating Officer Common Stock 2015-02-04 4 S 0 1670 20.93 D 115629.7829 D Common Stock 2015-02-04 4 F 0 784 21.00 D 114845.7829 D Common Stock 2015-02-04 4 F 0 3042 21.00 D 111803.7829 D Common Stock 5653.3857 I By 401(k) Common Stock 988.0128 I By Supplemental Savings & Thrift Per the instructions of Mr. Kane, an additional 1,670 shares were sold in an open market transaction in order to provide funds to pay the difference between his projected actual federal tax liability and the permitted amount of federal tax withholding. As previously reported, in connection with the separation of Navient Corporation ("Navient") from SLM Corporation ("SLM"), Navient established the Navient Corporation 2014 Omnibus Incentive Plan and issued new Navient equity awards to holders of outstanding SLM equity awards in order to maintain the intrinsic value of prior SLM award grants. On April 30, 2014, Mr. Kane was granted 7,220 vested restricted stock units ("RSUs") representing the right to receive shares of Navient common stock in the future, subject to transfer restrictions which lapse in one-third increments on February 4, 2015, 2016 and 2017. On February 4, 2015, 2,407 shares of such RSUs were settled and an additional 72 shares were issued to Mr. Kane upon the delivery of the related dividend equivalent rights. In connection with this settlement, 784 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Kane's tax withholding obligations. As previously reported, in connection with the separation of Navient from SLM, Navient established the Navient Corporation 2014 Omnibus Incentive Plan and issued new Navient equity awards to holders of outstanding SLM equity awards in order to maintain the intrinsic value of prior SLM award grants. On April 30, 2014, Mr. Kane was granted 26,092 RSUs representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on February 4, 2015, 2016 and 2017. On February 4, 2015, 8,697 shares of such RSUs were settled and an additional 260 shares were issued to Mr. Kane upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,042 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Kane's tax withholding obligations. Between February 3, 2015, and February 4, 2015 Mr. Kane acquired 0.4014 share equivalents of Navient common stock under the Navient 401(k) Plan. The information in this report is based on the individual's actual account balance as of February 4, 2015. /s/ Kurt T. Slawson (POA) for John M Kane 2015-02-06