SLM Corp — Director's Dealing 2018

Feb 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2018-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	F	69499	$11.16	Disposed	1156575	Direct
2018-02-26	Common Stock	F	16154	$11.16	Disposed	1140421	Direct

Footnotes

F1: On February 26, 2016, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on February 26, 2017, 2018 and 2019. On February 26, 2018, 151,261 shares vested in connection with these RSUs, of which 69,499 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: On February 26, 2016, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to transfer restrictions that lapse in one-third increments on February 26, 2017, 2018 and 2019. On February 26, 2018, the transfer restrictions lapsed in connection with 37,063 of these RSUs, of which 16,154 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.