SLM Corp — Director's Dealing 2015

Jul 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2015-07-10

Reporting Person: Dale Jeffrey (SVP & Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-10	Common Stock	F	2695	$9.89	Disposed	67165	Direct

Footnotes

F1: On July 10, 2014 (the "Grant Date"), Mr. Dale was granted 23,809 Restricted Stock Units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future. Pursuant to the terms of the grant, shares will vest, and will be converted into shares of common stock, in one-third increments on the first, second and third anniversary of the Grant Date. On July 10, 2015, 7,936 shares of such RSUs vested and were issued to Mr. Dale, of which 2,695 shares were withheld by the Company to satisfy Mr. Dale's tax withholding obligations.