Filing Details

Accession Number:
0000921895-22-001074
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-04-04 18:24:39
Reporting Period:
2022-03-31
Accepted Time:
2022-04-04 18:24:39
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1593538 Navient Corp NAVI () NY
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1016268 J Edward Bramson 135 East 57Th Street
New York NY 10022
No No Yes No
1373507 Sherborne Investors Gp, Llc 135 East 57Th Street
New York NY 10022
No No Yes No
1406671 Sherborne Investors Management Gp, Llc 135 East 57Th Street
New York NY 10022
No No Yes No
1406672 Sherborne Investors Management Lp 135 East 57Th Street
New York NY 10022
No No Yes No
1406888 Sherborne Investors Lp 135 East 57Th Street
New York NY 10022
No No Yes No
1914277 Stephen Welker 135 East 57Th Street
New York NY 10022
No No Yes No
1914278 Newbury Investors Llc 135 East 57Th Street
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-03-31 315,408 $17.13 29,123,997 No 4 P Indirect By Newbury Investors LLC
Common Stock Acquisiton 2022-04-01 326,000 $17.13 29,449,997 No 4 P Indirect By Newbury Investors LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Newbury Investors LLC
No 4 P Indirect By Newbury Investors LLC
Footnotes
  1. This Form 4 is filed jointly by Newbury Investors LLC ("Newbury Investors"), Sherborne Investors LP ("Sherborne Investors LP"), Sherborne Investors Management LP ("Sherborne Investors Management"), Sherborne Investors GP, LLC ("Sherborne GP"), Sherborne Investors Management GP, LLC ("Sherborne Management GP"), Edward Bramson and Stephen Welker (collectively, the "Reporting Persons").
  2. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
  3. Shares of Common Stock directly owned by Newbury Investors. Each of Sherborne Investors LP, as the managing member of Newbury Investors, Sherborne Investors Management, as the investment manager of Newbury Investors, Sherborne GP, as the general partner of Sherborne Investors LP, Sherborne Management GP, as the general partner of Sherborne Investors Management, and Messrs. Bramson and Welker, as managing directors of each of Sherborne Management GP and Sherborne GP, may be deemed to be the beneficial owner of the shares of Common Stock directly owned by Newbury Investors.
  4. The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $16.81 to $17.43, inclusive. The Reporting Persons undertake to provide Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.
  5. The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $16.92 to $17.32, inclusive. The Reporting Persons undertake to provide Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.