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: Dale Jeffrey (SVP & Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-26	Common Stock	F	2991	$11.02	Disposed	85817	Direct
2019-01-26	Common Stock	F	833	$11.02	Disposed	84984	Direct
2019-01-27	Common Stock	F	2794	$11.02	Disposed	82190	Direct
2019-01-27	Common Stock	F	899	$11.02	Disposed	81291	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, 9,681 shares vested in connection with these RSUs, of which 2,991 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 2,934 of these RSUs, of which 833 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, 9,047 shares vested in connection with these RSUs, of which 2,794 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 3,162 of these RSUs, of which 899 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.