SLM Corp — Director's Dealing 2015

Feb 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2015-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-07	Common Stock	F	2897	$9.45	Disposed	1031471.4601	Direct

Footnotes

F1: On February 7, 2013, a portion of Mr. Lutz's 2012 Management Incentive Plan Award was deferred in the form of vested RSUs that carry transfer restrictions that lapsed in one-third increments on February 7, 2014, February 7, 2015 and February 7, 2016. On February 7, 2015, the restrictions lapse on 5,913 RSUs, and 190 additional shares issued to Mr. Lutz pursuant to the related divided equivalent rights, and 2,897 shares of the Company common stock were withheld to satisfy Mr. Lutz's tax obligations in connection with the lapsing of such restrictions.