SEC Form 4 · accession 0001127602-15-005823
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 10, 2015
Accepted (ET)
Feb 12, 2015 · 5:40 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 10, 2015 | A | 15,547 | $9.45 | A | 1,047,018 | D | |
| Common StockF2 | Feb 10, 2015 | F | 696 | $9.45 | D | 1,046,322 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1A portion of Mr. Lutz's 2014 Management Incentive Plan Award was deferred in the form of vested restricted stock units ("RSUs") that carry transfer restrictions that lapse in one-third increments on the first, second and third anniversary of the grant date.
- F2Represents shares required to be withheld by the Company to satisfy Mr. Lutz's tax withholding obligations upon the grant of RSUs.