SLM Corp — Director's Dealing 2017

Dec 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2017-12-04

Reporting Person: Boyles Jonathan (SVP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-04	Common Stock	M	10315	$6.4228	Acquired	173728	Direct
2017-12-04	Common Stock	F	7539	$11.65	Disposed	166189	Direct
2017-12-04	Common Stock	S	2776	$11.652	Disposed	163413	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-04	Stock Options (Right to Buy)	$6.4228	M	10315	Disposed	2018-02-07	Common Stock (10315)	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: The options became exercisable in three equal increments on February 7, 2014, 2015, and 2016.