SLM Corp — Director's Dealing 2010

Nov 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2010-11-18

Reporting Person: WILLIAMS BARRY LAWSON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-18	Common Stock	M	26000	$5.77	Acquired	62647	Direct
2010-11-18	Common Stock	F	12768	$11.75	Disposed	49879	Direct
2010-11-18	Common Stock	S	13132	$11.73	Disposed	36747	Direct
2010-11-18	Common Stock	S	100	$17.735	Disposed	36647	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-18	Stock Options (Right to Buy)	$5.77	M	26000	Disposed	2019-05-22	Common Stock (26000)	Direct