SEC Form 4 · accession 0001127602-15-004454
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurent Charles Lutz
Officer — EVP, GC and Secretary
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 11:06 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001032033
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | F | 3,032 | $9.33 | D | 1,054,252 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 03, 2012, a portion of Mr. Lutz's 2011 Management Incentive Plan Award was deferred in the form of vested RSUs that carry transfer restrictions that lapsed in one-third increments on February 03, 2013, February 03, 2014 and February 3, 2015. On February 3, 2015, the restrictions lapsed on 8,648 RSUs, and 565 additional shares issued to Mr. Lutz pursuant to the related divided equivalent rights, and 3,032 shares of the Company common stock were withheld to satisfy Mr. Lutz's tax obligations in connection with the lapsing of such restrictions.