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SLM Corp — Director's Dealing 2014
May 2, 2014
30933_dirs_2014-05-02_e2d65f42-9172-4004-8a2b-edbc04ce8091.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2014-04-30
Reporting Person: Pitcher Jed H (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-04-30 | Common Stock | J | 1641.6791 | — | Acquired | 6337 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-04-30 | Stock Options (Right to Buy) | $20.0178 | J | 2500 | Acquired | 2016-01-26 | Common Stock (2500) | Direct |
| 2014-04-30 | Stock Options (Right to Buy) | $16.2847 | J | 500 | Acquired | 2017-01-25 | Common Stock (500) | Direct |
| 2014-04-30 | Stock Options (Right to Buy) | $7.7102 | J | 1000 | Acquired | 2018-01-31 | Common Stock (1000) | Direct |
| 2014-04-30 | Stock Options (Right to Buy) | $2.0549 | J | 1000 | Acquired | 2019-04-14 | Common Stock (1000) | Direct |
| 2014-04-30 | Stock Options (Right to Buy) | $4.3213 | J | 1000 | Acquired | 2020-03-25 | Common Stock (1000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2633 | Indirect |
Footnotes
F1: Reflects adjustments in the number of shares of SLM Corporation (SLM) restricted stock and other derivative securities held by the reporting person as a result of the spin-off of Navient Corporation (Navient) by SLM (the "Spin-
Off")on April 30, 2014. The share amounts, exercise prices and other material terms (as applicable) of the foregoing SLM derivative securities were generally adjusted, so that taken together with new equity awards issued by Navient,
thevalue of all awards of (a) SLM derivative securities held by the reporting person immediately prior to the Spin-Off is equal to (b) the aggregate value of all SLM and Navient equity awards held by the reporting person
immediatelyfollowing the Spin-Off.
F2: Fifty percent of these options are exercisable; fifty percent of these options are exercisable upon the Corporation's common stock price reaching a closing price equal to or greater than $30.10 per share for five days; they also become exercisable eight years from the original grant date (January 31, 2016).