SLM Corp — Director's Dealing 2020

Jun 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2020-06-18

Reporting Person: KELER MARIANNE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-18	Common Stock	A	13003	—	Acquired	23961	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	76574	Indirect

Footnotes

F1: The reporting person received shares of restricted common stock, issued pursuant to the terms of the SLM Corporation 2012 Omnibus Incentive Plan - 2020 Independent Director Restricted Stock Agreement (the "2020 Agreement") in partial payment of the annual retainer to independent directors. The restricted common stock award is subject to vesting upon the terms set forth in the 2020 Agreement.

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

F3: On February 13, 2020, the reporting person transferred 76,574 directly owned shares of SLM Corporation common stock to The Marianne Keler Trust, of which the reporting person and her spouse serve as trustees and are the beneficiaries.