SLM Corp — Director's Dealing 2015

Feb 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	F	3032	$9.33	Disposed	1054252.4601	Direct

Footnotes

F1: On February 03, 2012, a portion of Mr. Lutz's 2011 Management Incentive Plan Award was deferred in the form of vested RSUs that carry transfer restrictions that lapsed in one-third increments on February 03, 2013, February 03, 2014 and February 3, 2015. On February 3, 2015, the restrictions lapsed on 8,648 RSUs, and 565 additional shares issued to Mr. Lutz pursuant to the related divided equivalent rights, and 3,032 shares of the Company common stock were withheld to satisfy Mr. Lutz's tax obligations in connection with the lapsing of such restrictions.