SLM Corp — Director's Dealing 2017

Feb 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2017-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Common Stock	F	4491	$12.43	Disposed	277753.1028	Direct
2017-02-10	Common Stock	F	2143	$12.43	Disposed	275610.1028	Direct

Footnotes

F1: On February 10, 2015, Mr. Rocha was granted 39,682 restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to continued employment, to vest in one-third increments on February 10, 2016, 2017 and 2018. On February 10, 2017, 13,228 shares vested in connection with these RSUs, of which 4,491 shares were withheld by the Company to satisfy Mr. Rocha's tax withholding obligations.

F2: On February 10, 2015, a portion of Mr. Rocha's 2014 Management Incentive Plan Award was granted in the form of RSUs that carry transfer restrictions that lapse in one-third increments on February 10, 2016, 2017 and 2018, regardless of continued employment. On February 10, 2017, the restrictions lapsed on 6,779 RSUs, and 2,143 shares of the Company common stock were withheld to satisfy Mr. Rocha's tax obligations in connection with the lapsing of such restrictions.