SLM Corp — Director's Dealing 2017

Jan 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2016-12-31

Reporting Person: Quinlan Raymond J. (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-31	Common Stock	F	24345	$11.02	Disposed	1219250	Direct

Footnotes

F1: As reported on April 30, 2014, a previous January 21, 2014 Restricted Stock Unit ("RSU") award to Mr. Quinlan was increased to cover 150,422 shares of Company common stock in connection with the spin-off of Navient Corporation ("Navient") to reflect the original value of this RSU award in the post-spin-off adjusted common stock of the Company. The adjusted RSU award vests in one-third increments on December 31, 2014, 2015 and 2016. As reported herein, 24,345 shares of the Company common stock were withheld to satisfy Mr. Quinlan's tax withholding obligations on the shares vesting under the RSU award on December 31, 2016.