NAVIENT CORPORATION

Ticker: NAVI CUSIP: 63938C108 Class: Common Stock

Smead Capital Management, Inc.'s Holding History (CIK: 0001427008)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015

Shares 1,499,152 Value ($000) $27,300 Avg Close $19.57 Range $18.09 - $20.95

Q1 2015

Shares 1,339,836 Value ($000) $27,239 Avg Close $20.55 Range $17.16 - $22.41

Q4 2014

Shares 843,319 Value ($000) $18,224 Avg Close $19.99 Range $16.98 - $22.71

Q3 2014

Shares 745,025 Value ($000) $13,194 Avg Close $17.60 Range $16.76 - $18.28

Q2 2014

Shares 746,129 Value ($000) $13,214 Avg Close $16.58 Range $15.00 - $17.98

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	1,499,152	$27,300	$19.57	$18.09 - $20.95
Q1 2015	1,339,836	$27,239	$20.55	$17.16 - $22.41
Q4 2014	843,319	$18,224	$19.99	$16.98 - $22.71
Q3 2014	745,025	$13,194	$17.60	$16.76 - $18.28
Q2 2014	746,129	$13,214	$16.58	$15.00 - $17.98