SLM Corp — Director's Dealing 2017

Dec 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2017-12-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-05	Common Stock	M	181459	$6.4228	Acquired	604157	Direct
2017-12-05	Common Stock	F	140331	$11.71	Disposed	463826	Direct
2017-12-05	Common Stock	G	11760	—	Disposed	452066	Direct
2017-12-05	Common Stock	G	36904	—	Disposed	415162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-05	Stock Options (Right to Buy)	$6.4228	M	181459	Disposed	2018-02-07	Common Stock (181459)	Direct

Footnotes

F1: Stock options exercised by the reporting person in advance of pending expiration of options.

F2: Represents shares withheld by the Company to satisfy the exercise price of the options, and to satisfy the reporting person's tax withholding obligations upon the exercise of the options.

F3: Represents a gift to a previously created endowed public interest law fellowship.

F4: Represents shares contributed to a donor advised charitable fund.

F5: The options became exercisable in three equal increments on February 7, 2014, 2015, and 2016.