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SLM Corp — Director's Dealing 2020
Jan 30, 2020
30933_dirs_2020-01-29_c580efa1-8d7a-4910-9738-4b048a1dc5fe.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: 2020-01-27
Reporting Person: Quinlan Raymond J. (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-27 | Common Stock | A | 86961 | — | Acquired | 1333688.9458 | Direct |
| 2020-01-27 | Common Stock | F | 40298 | $11.20 | Disposed | 1293390.9458 | Direct |
| 2020-01-27 | Common Stock | F | 35165 | $11.20 | Disposed | 1258225.9458 | Direct |
| 2020-01-27 | Common Stock | F | 4695 | $11.20 | Disposed | 1253530.9458 | Direct |
Footnotes
F1: Shares reported in this column represent shares awarded in connection with the vesting of performance stock units awarded on January 27, 2017 ("PSUs"), as certified by the Nominations, Governance, and Compensation Committee on January 27, 2020.
F2: Includes Dividend Equivalent units in connection with RSUs granted under the SLM Corporation 2012 Omnibus Incentive Plan.
F3: Represents shares of the Company common stock required to be withheld to satisfy the reporting person's tax withholding obligations in connection with the vesting of the PSUs.
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 vesting conditions, to vest in one-third increments on January 27, 2018, 2019 and 2020. On January 27, 2020, 77,300 shares vested in connection with these RSUs, of which 35,165 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F5: 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, 2020, the transfer restrictions lapsed in connection with 10,135 of these RSUs, of which 4,695 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.