SEC Form 4 · accession 0001127602-15-022736
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Dale
Officer — SVP & Chief Risk Officer
Period of report
Jul 10, 2015
Accepted (ET)
Jul 14, 2015 · 8:25 am 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 | Jul 10, 2015 | F | 2,695 | $9.89 | D | 67,165 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 10, 2014 (the "Grant Date"), Mr. Dale was granted 23,809 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 the first, second and third anniversary of the Grant Date. On July 10, 2015, 7,936 shares of such RSUs vested and were issued to Mr. Dale, of which 2,695 shares were withheld by the Company to satisfy Mr. Dale's tax withholding obligations.