<SEC-DOCUMENT>0001127602-15-007473.txt : 20150220
<SEC-HEADER>0001127602-15-007473.hdr.sgml : 20150220
<ACCEPTANCE-DATETIME>20150220172350
ACCESSION NUMBER:		0001127602-15-007473
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150218
FILED AS OF DATE:		20150220
DATE AS OF CHANGE:		20150220

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAVIENT CORP
		CENTRAL INDEX KEY:			0001593538
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				464054283
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		123 JUSTISON STREET
		STREET 2:		SUITE 300
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801
		BUSINESS PHONE:		302-283-8000

	MAIL ADDRESS:	
		STREET 1:		123 JUSTISON STREET
		STREET 2:		SUITE 300
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Corp
		DATE OF NAME CHANGE:	20131205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HYNES TIMOTHY J IV
		CENTRAL INDEX KEY:			0001605706

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36228
		FILM NUMBER:		15636809

	MAIL ADDRESS:	
		STREET 1:		300 CONTINENTAL DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19713
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>PRIMARY DOCUMENT
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        <issuerName>NAVIENT CORP</issuerName>
        <issuerTradingSymbol>NAVI</issuerTradingSymbol>
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            <rptOwnerName>HYNES TIMOTHY J IV</rptOwnerName>
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            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>WILMINGTON</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19801</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOfficer>1</isOfficer>
            <officerTitle>EVP, Chief Risk&amp;Compliance Off</officerTitle>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
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    <footnotes>
        <footnote id="F1">Grant of restricted stock units (&quot;RSUs&quot;) under the Navient Corporation 2014 Omnibus Incentive Plan, which is classified as &quot;Common Stock,&quot; as permitted, since the RSUs will be settled solely by delivery of shares of Navient common stock. These RSUs vest in one-third increments on the first, second and third anniversary of the grant date.</footnote>
        <footnote id="F2">Grant of RSUs under the Navient Corporation 2014 Omnibus Incentive Plan, which is classified as &quot;Common Stock,&quot; as permitted, since the RSUs will be settled solely by delivery of shares of the Company's common stock. These RSUs represent a portion of the annual incentive award for 2014 and are vested at grant but subject to transfer restrictions until settlement by delivery of common stock in one-third increments on the first, second and third anniversary of the grant date.</footnote>
        <footnote id="F3">Grant of performance stock units (&quot;PSUs&quot;) which is classified as &quot;Common Stock,&quot; as permitted, since the PSUs will be settled solely by delivery of shares of Navient Corporation (the &quot;Company&quot;) common stock upon vesting. The PSUs will vest after a three-year performance period (2015 - 2017), with potential payout ranging from 0% to 130% of the target award based on the Company's &quot;cumulative core net income&quot; for such performance period combined with an additional vesting modifier based on &quot;strategic growth cumulative core net income&quot; that can increase or decrease the payout by an additional 20%. Overall payout as a percentage of target cannot exceed 156%. Assuming the Company meets or exceeds these performance levels, the PSUs will vest on the second business day after the Company files its annual report on Form 10-K for the fiscal year 2017 with the SEC, and in no event later than March 15, 2018.</footnote>
        <footnote id="F4">Represents shares required to be withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. Hynes's tax withholding obligations upon the grant of the RSUs.</footnote>
        <footnote id="F5">Grant of net-settled stock options under the Navient Corporation 2014 Omnibus Incentive Plan.  These options vest in one-third increments on the first, second and third anniversary of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kurt T. Slawson (POA) for Timothy J Hynes IV</signatureName>
        <signatureDate>2015-02-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
