SLM Corp — Director's Dealing 2020

Nov 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2020-11-09

Reporting Person: Boyles Jonathan (SVP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-09	Common Stock	M	1800	$5.243	Acquired	77961.7575	Direct
2020-11-09	Common Stock	F	891	$10.60	Disposed	77070.7575	Direct
2020-11-09	Common Stock	F	274	$10.60	Disposed	76796.7575	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-09	Stock Options (Right to Buy)	$5.243	M	1800	Disposed	2021-01-27	Common Stock (1800.0)	Direct

Footnotes

F1: Stock options exercised by the reporting person in advance of pending expiration of options.

F2: Includes Dividend Equivalent Units in connection with the restricted common stock granted under the SLM Corporation 2012 Omnibus Incentive Plan.

F3: Represents shares withheld by the Company to satisfy the exercise price of the options.

F4: Represents shares of the Company common stock required to be withheld to satisfy the reporting person's tax withholding obligations.

F5: One-third of these options became exercisable on January 27, 2012. The next one-third of these options became exercisable on January 27, 2013. The remaining one-third of these options became exercisable on January 27, 2014.