0001127602-15-005353.txt : 20150210
0001127602-15-005353.hdr.sgml : 20150210
20150210212207
ACCESSION NUMBER: 0001127602-15-005353
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150206
FILED AS OF DATE: 20150210
DATE AS OF CHANGE: 20150210
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HYNES TIMOTHY J IV
CENTRAL INDEX KEY: 0001605706
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 15595899
MAIL ADDRESS:
STREET 1: 300 CONTINENTAL DRIVE
CITY: NEWARK
STATE: DE
ZIP: 19713
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2015-02-06
0001593538
NAVIENT CORP
NAVI
0001605706
HYNES TIMOTHY J IV
123 JUSTISON STREET
SUITE 300
WILMINGTON
DE
19801
1
Chief Risk Officer
Common Stock
2015-02-06
4
S
0
1118
21.38
D
67015.4914
D
Common Stock
2015-02-07
4
F
0
811
21.35
D
66204.4914
D
Common Stock
2015-02-07
4
F
0
1749
21.35
D
64455.4914
D
Per the instructions of Mr. Hynes, an additional 1,118 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. Hynes was granted 4,802 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-half increments on February 7, 2015 and 2016. On February 7, 2015, 2,401 shares of such RSUs were settled and an additional 136 shares were issued to Mr. Hynes upon the delivery of the related dividend equivalent rights. In connection with this settlement, 811 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes'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. Hynes was granted 9,678 RSUs representing the right to receive shares of Navient common stock in the future, which vest in one-half increments on February 7, 2015 and 2016. On February 7, 2015, 4,839 shares of such RSUs were settled and an additional 275 shares were issued to Mr. Hynes upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,749 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.
/s/ Kurt T. Slawson (POA) for Timothy J Hynes IV
2015-02-10