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: McGarry Steven (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-26	Common Stock	F	10291	$11.16	Disposed	346842	Direct
2018-02-26	Common Stock	F	7924	$11.16	Disposed	338918	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2141.996	Indirect

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, 22,409 shares vested in connection with these RSUs, of which 10,291 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 18,189 of these RSUs, of which 7,924 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F3: Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of February 28, 2018.