SLM Corp — Director's Dealing 2016

Mar 1, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2016-02-22

Reporting Person: Thome Paul F (EVP & Chief Admin Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	84802	Direct
Common Stock	40834.71	Indirect
Common Stock	23847.02	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$5.7343	2017-02-03	Common Stock (25363)		Direct
Stock Options (Right to Buy)	$6.4228	2018-02-07	Common Stock (39297)		Direct
Stock Options (Right to Buy)	$5.243	2021-01-27	Common Stock (30000)		Direct

Footnotes

F1: The information in this report is based on a plan statement dated as of February 25, 2016.

F2: One-third of these options became exercisable on February 3, 2013. The next one-third of these options became exercisable on February 3, 2014. The remaining one-third of these options became exercisable on February 3, 2015.

F3: One-third of these options became exercisable on February 7, 2014. The next one-third of these options became exercisable on February 7, 2015. The remaining one-third of these options became exercisable on February 7, 2016.

F4: One-third of these options became exercisable on January 27, 2012. The next one-third of these options became exercisable on January 27, 2013. The remaining one-third of these options became exercisable on January 27, 2014.