SLM Corp — Director's Dealing 2017

Jan 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2017-01-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-23	Common Stock	M	30272	$5.7343	Acquired	326019.3371	Direct
2017-01-23	Common Stock	F	20793	$11.42	Disposed	305226.3371	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-23	Stock Options (Right to Buy)	$5.7343	M	30272	Disposed	2017-02-03	Common Stock (30272)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2141.858	Indirect

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 option, and to satisfy the reporting person's tax withholding obligations upon the exercise of the option.

F3: The information in this report is based on a plan sponsor statement dated as of January 23, 2017.