SLM Corp — Director's Dealing 2016

May 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2016-05-01

Reporting Person: Rocha Charles P (EVP & Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-01	Common Stock	F	1673	$6.77	Disposed	221772.1028	Direct

Footnotes

F1: On May 1, 2014, Mr. Rocha was awarded 14,781 Restricted Stock Units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company") to vest in one-third increments on May 1, 2015, 2016 and 2017. On May 1, 2016, 4,927 shares of such RSUs vested, of which 1,673 shares were withheld by the Company to satisfy Mr. Rocha's tax withholding obligations.