Form Type: 4

SEC EDGAR Link
Accession Number:0001628280-20-000615
Date:2020-01-26
Issuer: SLM CORP (SLM)
Original Submission Date:

Reporting Person:

MCGARRY STEVEN
300 CONTINENTAL DRIVE
NEWARK, DE 19713

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-01-26 F 3,882 d $11.48 274,330 direct
COMMON STOCK 2020-01-26 F 1,523 d $11.48 272,807 direct
COMMON STOCK 2020-01-26 0 $0.00 2,169 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 on january 26, 2018, 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 26, 2019, 2020 and 2021. on january 26, 2020, 13,571 shares vested in connection with these rsus, of which 3,882 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 includes shares of common stock acquired under a dividend reinvestment plan.
f4 on january 26, 2018, 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 26, 2019, 2020 and 2021. on january 26, 2020, the transfer restrictions lapsed in connection with 5,306 of these rsus, of which 1,523 shares were withheld by the company to satisfy the reporting person's tax withholding obligations.
f5 represents the number of units held in a unitized stock fund, including reinvested dividends, in the sallie mae 401(k) savings plan.
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