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Filing Details

Accession Number:: 0001127602-15-004606
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-05 18:09:26
Reporting Period:: 2015-02-03

Filing Date:: 2015-02-05
Accepted Time:: 2015-02-05 18:09:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1593538	Navient Corp	NAVI	Security Brokers, Dealers & Flotation Companies (6211)	464054283

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1605737	Somsak Chivavibul	123 Justison Street Suite 300 Wilmington DE 19801	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-02-03	1,023	$20.47	125,587	No	4	S	Direct
Common Stock	Disposition	2015-02-03	2,532	$21.08	123,055	No	4	F	Direct
Common Stock	Disposition	2015-02-03	465	$21.08	2,098	No	4	F	Indirect	By Spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	F	Direct
No	4	F	Indirect	By Spouse

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	18,166	Indirect	By 401(k)

Footnotes

Per the instructions of Mr. Chivavibul, an additional 1,023 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.
Dividend equivalent rights issued on restricted stock units ("RSUs") are included in Mr. Chivavibul's common stock holding balance.
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. Chivavibul was granted 6,425 RSUs representing the right to receive shares of Navient common stock in the future, which vest fully on February 3, 2015. On February 3, 2015, 6,425 shares of such RSUs were settled and an additional 577 shares were issued to Mr. Chivavibul upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,532 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Chivavibul's tax withholding obligations.
Represents shares withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Chivavibul's spouse's tax withholding obligations.
Dividend equivalent rights issued on RSUs are included in Mr. Chivavibul's spouse's common stock holding balance.
Between April 30, 2014, and February 3, 2015 Mr. Chivavibul acquired 401.1805 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 3, 2015.