FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DIEFENDERFER WILLIAM M III 		2. Issuer Name and Ticker or Trading Symbol

NAVIENT CORP [ NAVI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

123 JUSTISON STREET, SUITE 300 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/17/2016
(Street)

WILMINGTON, DE 19801
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/17/2016     M    6600   A $14.2901   95336.794   D    
Common Stock   11/17/2016     M    10900   A $6.6127   106236.794   D    
Common Stock   11/17/2016     M    9500   A $9.3771   115736.794   D    
Common Stock   11/17/2016     M    13994   A $10.2558   129730.794   D    
Common Stock   11/17/2016     M    19572   A $11.4873   149302.794   D    
Common Stock   11/17/2016     F    4082   D $17.66   145220.794   D    
Common Stock   11/17/2016     F    5045   D $17.66   140175.794   D    
Common Stock   11/17/2016     F    8127   D $17.66   132048.794   D    
Common Stock   11/17/2016     F    12731   D $17.66   119317.794   D    
Common Stock   11/17/2016     S    18590   D $17.651   (1) 100727.794   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $14.2901   11/17/2016     M         6600    4/30/2014   5/8/2018   Common Stock   6600   $0   0   D    
Stock Option (Right to Buy)   $6.6127   11/17/2016     M         10900    4/30/2014   1/28/2020   Common Stock   10900   $0   0   D    
Stock Option (Right to Buy)   $9.3771   11/17/2016     M         9500    4/30/2014   1/27/2021   Common Stock   9500   $0   0   D    
Stock Option (Right to Buy)   $10.2558   11/17/2016     M         13994    4/30/2014   2/3/2017   Common Stock   13994   $0   0   D    
Stock Option (Right to Buy)   $11.4873   11/17/2016     M         19572    4/30/2014   2/7/2018   Common Stock   19572   $0   0   D    

Explanation of Responses:
( 1)  Represents the weighted average price per share of stock sold by Mr. Diefenderfer between $17.62 and $17.665. The reporting person undertakes to provide to 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 sold at each separate price.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DIEFENDERFER WILLIAM M III
123 JUSTISON STREET
SUITE 300
WILMINGTON, DE 19801 		X



Signatures
/s/ Kurt T. Slawson (POA) for William M Diefenderfer III 11/21/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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