SLM Corp — Director's Dealing 2018

Jan 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM CORP (SLM)
CIK: 0001032033
Period of Report: 2018-01-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-26	Common Stock	M	44755	$6.4228	Acquired	366433	Direct
2018-01-26	Common Stock	F	30919	$11.63	Disposed	335613	Direct
2018-01-26	Common Stock	S	13836	$11.621	Disposed	321777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-26	Stock Options (Right to Buy)	$6.4228	M	44755	Disposed	2018-02-07	Common Stock (44755)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2141.996	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 options, and to satisfy the reporting person's tax withholding obligations upon the exercise of the options.

F3: Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 26, 2018