SEC Form 4 · accession 0001127602-15-005174
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven McGarry
Officer — Chief Financial Officer
Period of report
Feb 7, 2015
Accepted (ET)
Feb 10, 2015 · 12:27 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 | 1,784 | $9.45 | D | 104,937 | D | |
| Common StockF2 | holding | — | — | — | 2,140 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 7, 2013, Mr. McGarry was granted a long-term incentive award of 15,262 restricted stock units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future, which grant was approved by the Compensation and Personnel Committee (the "Compensation Committee") of the Board of Directors. One third of these RSUs vest and are settled on each of February 7, 2014, February 7, 2015 and February 7, 2016 by delivery of the Company's common stock. On February 7, 2015, 5,088 shares of such RSUs were settled and 164 additional shares were issued to Mr. McGarry pursuant to the related dividend equivalent rights, of which 1,784 shares were withheld by the Company to satisfy Mr. McGarry's tax withholding obligations.
- F2The information in this report is based on a plan statement dated as of January 30, 2015.