SLM Corp — Director's Dealing 2015

Feb 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2015-02-04

Reporting Person: Quinlan Raymond J. (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-04	Common Stock	F	22122	$9.56	Disposed	388892	Direct

Footnotes

F1: On February 4, 2014, Mr. Quinlan was granted 69,070 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 February 4, 2015, 2016 and 2017. As previously reported, on April 30, 2014, the award was adjusted as a result of the spin-off of Navient Corporation by the Company to reflect 192,604 RSUs outstanding. On February 4, 2015, 64,201 shares of such RSUs vested and 374 additional shares were issued to Mr. Quinlan pursuant to the related dividend equivalent rights, of which 22,122 shares were withheld by the Company to satisfy Mr. Quinlan's tax withholding obligations.