0001127602-17-016432.txt : 20170502
0001127602-17-016432.hdr.sgml : 20170502
20170502181716
ACCESSION NUMBER: 0001127602-17-016432
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170501
FILED AS OF DATE: 20170502
DATE AS OF CHANGE: 20170502
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: 17806573
MAIL ADDRESS:
STREET 1: 300 CONTINENTAL DRIVE
CITY: NEWARK
STATE: DE
ZIP: 19713
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-05-01
0001593538
NAVIENT CORP
NAVI
0001605706
HYNES TIMOTHY J IV
123 JUSTISON STREET
SUITE 300
WILMINGTON
DE
19801
1
EVP, Chief Risk&Compliance Off
Common Stock
2017-05-01
4
F
0
1086
15.45
D
215489.114
D
As previously reported, on May 1, 2014, the reporting person was granted 5,882 RSUs under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant. On May 1, 2017, 1,961 shares of such RSUs were settled and an additional 258.8590 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,086 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy the reporting person's tax withholding obligations.
Dividend equivalent rights issued on unvested RSUs and PSUs are included in the reporting person's common stock holding balance.
Also reflects the disposition of 0.8590 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.
/s/ Kurt T. Slawson (POA) for Timothy J. Hynes IV
2017-05-02