SLM Corp — Director's Dealing 2015

Mar 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2015-03-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-02	Common Stock	F	30871	$9.46	Disposed	1015451.4601	Direct

Footnotes

F1: On February 3, 2012, Mr. Lutz was granted 58,369 performance stock units ("PSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future. On April 21, 2014, the PSU award and related dividend equivalent rights were adjusted as a result of the spin-off of Navient Corporation by the Company to reflect 61,988 restricted stock units ("RSUs") outstanding. On March 2, 2015, 61,988 shares of such RSUs vested and were issued to Mr. Lutz, of which 30,871 shares were withheld by the Company to satisfy Mr. Lutz's tax withholding obligations.