SEC Form 4 · accession 0001127602-15-016328
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven McGarry
Officer — EVP & Chief Financial Officer
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 5:10 pm EDT
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 | May 1, 2015 | F | 1,882 | $10.30 | D | 182,716 | D | |
| Common StockF2 | holding | — | — | — | 2,141 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2015, Mr. McGarry was awarded 16,629 Restricted Stock Units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future. Pursuant to the terms of the grant, shares will vest, and will be converted into shares of common stock, in one-third increments on May 1, 2015, 2016 and 2017. On May 1, 2015, 5,543 shares of such RSUs vested and were issued to Mr. McGarry, of which 1,882 shares were withheld by the Company to satisfy Mr. McGarry's tax withholding obligations
- F2Between January 30, 2015 and April 30, 2015, Mr. McGarry acquired 0.188 shares of company common stock under the Company's 401(k) plan. The information in this report is based on a plan sponsor statement dated as of April 30, 2015