SLM Corp — Director's Dealing 2020

Oct 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2020-10-27

Reporting Person: Thome Paul F (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-27	Common Stock	M	30000	$5.243	Acquired	232582.8924	Direct
2020-10-27	Common Stock	F	16968	$9.27	Disposed	215614.8924	Direct
2020-10-27	Common Stock	F	5129	$9.27	Disposed	210485.8924	Direct
2020-10-27	Common Stock	S	32903	$9.2539	Disposed	177582.8924	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-27	Stock Options (Right to Buy)	$5.243	M	30000	Disposed	2021-01-27	Common Stock (30000.0)	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: The price in Column 4 is a weighted average price. The prices actually received ranged from $9.25 to $9.265. For all transactions reported in this Form 4 utilizing a weighted average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of units sold at each price within the range.

F6: 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.