SEC Form 4 · accession 0001127602-15-010154
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
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:26 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 | Mar 2, 2015 | F | 30,871 | $9.46 | D | 1,015,451 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 3, 2012, Mr. Lutz was granted 58,369 performance stock units ("PSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future. On April 21, 2014, the PSU award and related dividend equivalent rights were adjusted as a result of the spin-off of Navient Corporation by the Company to reflect 61,988 restricted stock units ("RSUs") outstanding. On March 2, 2015, 61,988 shares of such RSUs vested and were issued to Mr. Lutz, of which 30,871 shares were withheld by the Company to satisfy Mr. Lutz's tax withholding obligations.