SLM Corp — Director's Dealing 2012

Jun 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2012-06-06

Reporting Person: SHAPIRO STEVEN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-06	Common Stock	S	20000	$14.50	Disposed	109640	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	56530	Direct
Common Stock	3000	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by Resteco LLC, a New Jersey limited liability company, of which the reporting person is a member.

F2: Dividend equivalent rights issued on unvested RSU's are included in Mr. Shapiro's common stock holding balance.