NAVIENT CORP — Director's Dealing 2018

Feb 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAVIENT CORP (NAVI)
CIK: 0001593538
Period of Report: 2018-02-18

Reporting Person: KANE JOHN M (EVP & Group President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-18	Common Stock	F	1623	$13.99	Disposed	375377.3503	Direct
2018-02-18	Common Stock	F	1333	$13.99	Disposed	374043.3551	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9365.3252	Indirect

Footnotes

F1: As previously reported, on February 18, 2015, the reporting person was granted 14,923 vested restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, subject to transfer restrictions which lapse in one-third increments on each of the first, second and third anniversaries of the grant. On February 18, 2018, 4,752 shares of such RSUs were settled and an additional 680.8807 shares were issued to the reporting person upon the delivery of the related dividend equivalent rights. In connection with this settlement, 1,623 shares were withheld by Navient, as approved by the Navient Compensation and Personnel Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.

F2: Reflects the disposition of 0.8807 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.

F3: As previously reported, on February 18, 2015, the reporting person was granted 10,854 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 February 18, 2018, 3,618 shares of such RSUs were settled and an additional 517.9952 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,333 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.

F4: Reflects the disposition of 0.9952 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.

F5: Between February 6, 2018, and February 18, 2018, the reporting person acquired 580.2533 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of February 18, 2018.