SLM Corp — Director's Dealing 2013

Feb 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2013-02-01

Reporting Person: Munitz Barry A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-01	Common Stock	M	26000	$5.77	Acquired	180252	Direct
2013-02-01	Common Stock	F	8825	$17.00	Disposed	171427	Direct
2013-02-01	Common Stock	S	17175	$17.0001	Disposed	154252	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-01	Stock Options (Right to Buy)	$5.77	M	26000	Disposed	2019-05-22	Common Stock (26000)	Direct

Footnotes

F1: Dividend equivalent rights issued on previously unvested restricted stock are included in Mr. Munitz's common stock holding balance.

F2: Represents the weighted average price per share of stock purchased by Mr. Munitz between $17.00 and $17.0025. 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 bought at each separate price.