SLM Corp — Director's Dealing 2013

Jun 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2013-06-10

Reporting Person: Torre Bates Ann (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-10	Common Stock	M	10900	$10.31	Acquired	20116	Direct
2013-06-10	Common Stock	M	9500	$14.62	Acquired	29616	Direct
2013-06-10	Common Stock	M	13994	$15.99	Acquired	43610	Direct
2013-06-10	Common Stock	M	19572	$17.91	Acquired	63182	Direct
2013-06-10	Common Stock	F	4779	$23.52	Disposed	58403	Direct
2013-06-10	Common Stock	F	5906	$23.52	Disposed	52497	Direct
2013-06-10	Common Stock	F	9514	$23.52	Disposed	42983	Direct
2013-06-10	Common Stock	F	14904	$23.52	Disposed	28079	Direct
2013-06-10	Common Stock	S	18863	$23.5088	Disposed	9216	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-10	Stock Options (Right to Buy)	$10.31	M	10900	Disposed	2020-01-28	Common Stock (10900)	Direct
2013-06-10	Stock Options (Right to Buy)	$14.62	M	9500	Disposed	2021-01-27	Common Stock (9500)	Direct
2013-06-10	Stock Options (Right to Buy)	$15.99	M	13994	Disposed	2017-02-03	Common Stock (13994)	Direct
2013-06-10	Stock Options (Right to Buy)	$17.91	M	19572	Disposed	2018-02-07	Common Stock (19572)	Direct

Footnotes

F1: Dividend equivalent rights issued on previoulsy unvested restricted stock are included in Ms. Bates's common stock holding balance.

F2: Represents the weighted average price per share of stock sold by Ms. Bates between $23.49 and $23.52. The reporting person undertakes to provide to SLM Corporation, any security holder of SLM Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.