SLM Corp — Director's Dealing 2015

Feb 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2015-02-10

Reporting Person: Lutz Laurent Charles (EVP, GC and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-10	Common Stock	A	15547	$9.45	Acquired	1047018.4601	Direct
2015-02-10	Common Stock	F	696	$9.45	Disposed	1046322.4601	Direct

Footnotes

F1: A portion of Mr. Lutz's 2014 Management Incentive Plan Award was deferred in the form of vested restricted stock units ("RSUs") that carry transfer restrictions that lapse in one-third increments on the first, second and third anniversary of the grant date.

F2: Represents shares required to be withheld by the Company to satisfy Mr. Lutz's tax withholding obligations upon the grant of RSUs.