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NAVIENT CORP — Director's Dealing 2014
May 3, 2014
32029_dirs_2014-05-02_9700ea43-261a-4e37-bfb6-f305e484ea11.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NAVIENT CORP (NAVI)
CIK: 0001593538
Period of Report: 2014-04-30
Reporting Person: SHAPIRO STEVEN L (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-04-30 | Common Stock | A | 40175 | — | Acquired | 40175 | Direct |
| 2014-04-30 | Common Stock | A | 3000 | — | Acquired | 3000 | Indirect |
| 2014-04-30 | Common Stock | A | 108000 | — | Acquired | 108000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-04-30 | Stock Option (Right to Buy) | $32.5504 | A | 15250 | Acquired | 2015-01-27 | Common Stock (15250) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $35.8023 | A | 9530 | Acquired | 2016-01-26 | Common Stock (9530) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $29.1254 | A | 10000 | Acquired | 2017-01-25 | Common Stock (10000) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $14.2901 | A | 6600 | Acquired | 2018-05-08 | Common Stock (6600) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $3.7009 | A | 26000 | Acquired | 2019-05-22 | Common Stock (26000) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $6.6127 | A | 10900 | Acquired | 2020-01-28 | Common Stock (10900) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $9.3771 | A | 9500 | Acquired | 2021-01-27 | Common Stock (9500) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $10.2558 | A | 13994 | Acquired | 2017-02-03 | Common Stock (13994) | Direct |
| 2014-04-30 | Stock Option (Right to Buy) | $11.4873 | A | 19572 | Acquired | 2018-02-07 | Common Stock (19572) | Direct |
| 2014-04-30 | Phantom Stock Units | $ | A | 14585 | Acquired | Common Stock (14585) | Direct |
Footnotes
F1: Reflects common stock of Navient Corporation (Navient) acquired by the reporting person as a result of the spin-off of Navient by SLM Corporation (SLM) on April 30, 2014 (the "Spin-Off").
F2: Reflects derivative securities acquired by the reporting person in connection with the Spin-Off. The share amounts, exercise prices and other material terms (as applicable) of the foregoing Navient derivative securities were determined in a manner such that, taken together with adjusted equity awards issued by SLM, the value of all awards of (a) SLM derivative securities held by the reporting person immediately prior to the Spin-Off is equal to (b) the aggregate value of all SLM and Navient equity awards held by the reporting person immediately following the Spin-Off.
F3: Phantom stock units accrued under the Director Deferred Compensation Plan are to be settled in the SLM common stock upon the reporting person's separation from service. Conversion or exercise price of derivative security is one to one.