FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 06/19/2017 |
3. Issuer Name and Ticker or Trading Symbol
NAVIENT CORP [ NAVI ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 78,995.5332 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | 04/30/2014 | 01/27/2021 | Common Stock | 8,333 | $9.3771 | D | |
Stock Option (Right to Buy) | 05/01/2017 | 05/01/2019 | Common Stock | 47,307 | $17 | D | |
Stock Option (Right to Buy) | (1) | 02/18/2020 | Common Stock | 46,666 | $21.65 | D | |
Stock Option (Right to Buy) | (2) | 02/03/2021 | Common Stock | 138,613 | $9.18 | D | |
Stock Option (Right to Buy) | (3) | 02/06/2022 | Common Stock | 39,033 | $15.48 | D |
Explanation of Responses: |
1. Represents grant of non-qualified stock options issued pursuant to the Navient 2014 Omnibus Incentive Plan that vest ratably over a three-year period commencing on the grant date of February 18, 2015. As of the filing date, 31,111 stock options are currently exercisable with the remaining 15,555 becoming exercisable on the third anniversary of the grant date (February 18, 2018). |
2. Represents grant of non-qualified stock options issued pursuant to the Navient 2014 Omnibus Incentive Plan that vest ratably over a three-year period commencing on the grant date of February 3, 2016. As of the filing date, 46,204 stock options are currently exercisable with the remaining 92,409 becoming exercisable on the second and third anniversaries of the grant date (February 3, 2018, and February 3, 2019, respectively). |
3. Represents grant of non-qualified stock options issued pursuant to the Navient 2014 Omnibus Incentive Plan that vest ratably over a three-year period commencing on the grant date of February 6, 2017. As of the filing date, no stock options are currently exercisable with the remaining 39,033 becoming exercisable on the first, second and third anniversaries of the grant date. |
Remarks: |
Exhibit 24 - Power of Attorney |
/s/ Kurt T. Slawson (POA) for Stephen M. Hauber | 06/28/2017 | |
** 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 5 (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. |