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SLM Corp Director's Dealing 2019

Jan 30, 2019

30933_dirs_2019-01-29_08093aa1-d0e4-407d-8656-dd9401a58c10.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: 2019-01-26

Reporting Person: Boyles Jonathan (SVP & Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-01-26 Common Stock F 3453 $11.02 Disposed 119868 Direct
2019-01-26 Common Stock F 618 $11.02 Disposed 119250 Direct
2019-01-27 Common Stock F 3190 $11.02 Disposed 116060 Direct
2019-01-27 Common Stock F 623 $11.02 Disposed 115437 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, 11,474 shares vested in connection with these RSUs, of which 3,453 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 2,229 of these RSUs, of which 618 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, 10,602 shares vested in connection with these RSUs, of which 3,190 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 2,250 of these RSUs, of which 623 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.