SEC Form 4 · accession 0001127602-15-005834
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Boyles
Officer — SVP & Controller
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 5:53 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 | 39,682 | $9.45 | A | 76,032 | D | |
| Common StockF2 | Feb 10, 2015 | A | 9,920 | $9.45 | A | 85,952 | D | |
| Common StockF3 | Feb 10, 2015 | F | 337 | $9.45 | D | 85,615 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2012 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") common stock. These RSUs vest in one-third increments on the first, second and third anniversary of the grant date.
- F2A portion of Mr. Boyles's 2014 Management Incentive Plan Award was deferred in the form of vested RSUs that carry transfer restrictions that lapse in one-half increments on the first and second anniversary of the grant date.
- F3Represents shares required to be withheld by the Company to satisfy Mr. Boyles's tax withholding obligations upon the grant of RSUs.