SLM Corp — Director's Dealing 2014

Jun 30, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2014-06-26

Reporting Person: Rocha Charles P (SVP & Chief Marketing Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	74347.5415	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$5.7343	2017-02-03	Common Stock (32727)		Direct
Stock Options (Right to Buy)	$6.4228	2018-02-07	Common Stock (42572)		Direct
Stock Options (Right to Buy)	$3.1558	2019-09-28	Common Stock (46500)		Direct
Stock Options (Right to Buy)	$5.243	2021-01-27	Common Stock (35000)		Direct

Footnotes

F1: Two-thirds of these options became exercisable on each of February 3, 2013 and February 3, 2014 respectively. The remaining one-third of these options will become exercisable on February 3, 2015.

F2: One-third of these options became exercisable on February 7, 2014. The next one-third of these options will become exercisable on February 7, 2015. The remaining one-third of these options will become exercisable on February 7, 2016.

F3: One-third of these options became exercisable on September 28, 2010. The next one-third of these options became exercisable on September 28, 2011. The remaining one-third of these options became exercisable on September 28, 2012.

F4: One-third of these options became exercisable on January 27, 2012. The next one-third of these options became exercisable on January 27, 2013. The remaining one-third of these options became exercisable on January 27, 2014.