SLM Corp — Director's Dealing 2017

Feb 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2017-02-04

Reporting Person: McGarry Steven (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-04	Common Stock	F	4347	$12.04	Disposed	356887.3371	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2141.858	Indirect

Footnotes

F1: On February 4, 2014, Mr. McGarry was awarded 13,692 Restricted Stock Units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company") that were subsequently adjusted in the spin-off of Navient to reflect 38,404 RSUs outstanding and an additional 80 RSUs attributable to dividends. On February 4, 2017, the restrictions lapsed on 12,802 RSUs and 4,347 shares of the Company common stock were withheld to satisfy Mr. McGarry's tax withholding obligations.

F2: Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 23, 2017