SLM Corp — Director's Dealing 2020

Jan 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2020-01-27

Reporting Person: Boyles Jonathan (SVP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-27	Common Stock	F	3204	$11.20	Disposed	60719.1851	Direct
2020-01-27	Common Stock	F	687	$11.20	Disposed	60032.1851	Direct

Footnotes

F1: 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, 10,735 shares vested in connection with these RSUs, of which 3,204 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

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

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 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 2,278 of these RSUs, of which 687 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.