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: Rocha Charles P (SVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-03	Common Stock	F	2338	$9.33	Disposed	72009.5415	Direct

Footnotes

F1: On February 13, 2012, Mr. Rocha was granted a long-term incentive award of 16,760 restricted stock units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future, which grant was approved by the Compensation and Personnel Committee (the "Compensation Committee") of the Board of Directors. One third of these RSUs vest and are settled on each of February 3, 2013, February 3, 2014 and February 3, 2015 by delivery of the Company's common stock. On February 3, 2015, 5,587 shares of such RSUs were settled and 360 additional shares were issued to Mr. Rocha pursuant to the related dividend equivalent rights, of which 2,338 shares were withheld by the Company to satisfy Mr. Rocha's tax withholding obligations.