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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-26	Common Stock	F	31098	$11.02	Disposed	1109323	Direct
2019-01-26	Common Stock	F	4377	$11.02	Disposed	1104946	Direct
2019-01-27	Common Stock	F	35071	$11.02	Disposed	1069875	Direct
2019-01-27	Common Stock	F	4358	$11.02	Disposed	1065517	Direct

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, 71,338 shares vested in connection with these RSUs, of which 31,098 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 10,053 of these RSUs, of which 4,377 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, 76,336 shares vested in connection with these RSUs, of which 35,071 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 10,009 of these RSUs, of which 4,358 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.