SEC Form 4 · accession 0001127602-15-005178
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles P Rocha
Officer — SVP & Chief Marketing Officer
Period of report
Feb 7, 2015
Accepted (ET)
Feb 10, 2015 · 12:36 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 | 1,697 | $9.45 | D | 65,497 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 7, 2013, Mr. Rocha was granted a long-term incentive award of 14,517 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, 4,839 shares of such RSUs were settled and 156 additional shares were issued to Mr. Rocha pursuant to the related dividend equivalent rights, of which 1,697 shares were withheld by the Company to satisfy Mr. Rocha's tax withholding obligations.