SEC Form 4 · accession 0001127602-15-005172
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 7, 2015
Accepted (ET)
Feb 10, 2015 · 12:24 pm 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 7, 2015 | F | 2,897 | $9.45 | D | 1,031,471 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 7, 2013, a portion of Mr. Lutz's 2012 Management Incentive Plan Award was deferred in the form of vested RSUs that carry transfer restrictions that lapsed in one-third increments on February 7, 2014, February 7, 2015 and February 7, 2016. On February 7, 2015, the restrictions lapse on 5,913 RSUs, and 190 additional shares issued to Mr. Lutz pursuant to the related divided equivalent rights, and 2,897 shares of the Company common stock were withheld to satisfy Mr. Lutz's tax obligations in connection with the lapsing of such restrictions.