SLM Corp — Director's Dealing 2019

Jan 30, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2019-01-26

Reporting Person: Thome Paul F (EVP & Chief Admin Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-26	Common Stock	F	3087	$11.02	Disposed	180296	Direct
2019-01-26	Common Stock	F	1044	$11.02	Disposed	179252	Direct
2019-01-27	Common Stock	F	2681	$11.02	Disposed	176571	Direct
2019-01-27	Common Stock	F	1064	$11.02	Disposed	175507	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23847.021	Indirect

Footnotes

F1: On January 26, 2018, 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 January 26, 2019, 2020 and 2021. On January 26, 2019, 11,452 shares vested in connection with these RSUs, of which 3,087 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: On January 26, 2018, 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 January 26, 2019, 2020 and 2021. On January 26, 2019, the transfer restrictions lapsed in connection with 3,873 of these RSUs, of which 1,044 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F3: On January 27, 2017, 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 January 27, 2018, 2019 and 2020. On January 27, 2019, 9,945 shares vested in connection with these RSUs, of which 2,681 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F4: On January 27, 2017, 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 January 27, 2018, 2019 and 2020. On January 27, 2019, the transfer restrictions lapsed in connection with 3,945 of these RSUs, of which 1,064 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F5: Represents the number of units held in a unitized stock fund in the Sallie Mae Supplemental 401(k) Savings Plan as of January 17, 2019.