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SLM Corp — Director's Dealing 2019
Mar 1, 2019
30933_dirs_2019-02-28_64ab81ab-faa9-4378-ae40-f4ab2970fdb5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2019-02-26
Reporting Person: Thome Paul F (EVP & Chief Admin Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-26 | Common Stock | F | 7169 | $11.15 | Disposed | 208049 | Direct |
| 2019-02-26 | Common Stock | F | 2212 | $11.15 | Disposed | 205837 | Direct |
| 2019-02-27 | Common Stock | S | 25000 | $11.10 | Disposed | 180837 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23847.021 | 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, 2019, 21,008 shares vested in connection with these RSUs, of which 7,169 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 RSUs representing rights to receive shares of common stock of the Company, subject to transfer restrictions that lapse in one-third increments on February 26, 2017, 2018 and 2019. On February 26, 2019, the transfer restrictions lapsed in connection with 9,081 of these RSUs, of which 2,212 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $11.100 to $11.105. For all transactions reported in this Form 4 utilizing a weighted average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of units sold at each price within the range.
F4: Represents the number of units held in a unitized stock fund in the Sallie Mae Supplemental 401(k) Savings Plan as of February 15, 2019.