SEC Form 4 · accession 0001127602-16-044261

SLM Corp · SLM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Admin Officer

Period of report

Feb 26, 2016

Accepted (ET)

Mar 1, 2016 · 5:57 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 Stock^F1	Feb 26, 2016	A	63,025	$0.00	A	147,827	D
Common Stock^F2	Feb 26, 2016	A	27,899	$0.00	A	175,726	D
Common Stock^F3	Feb 26, 2016	F	656	$5.95	D	175,070	D
Common Stock^F4	holding	—	—		—	40,835	I	401(k)
Common Stock^F4	holding	—	—		—	23,847	I	Supplemental 401(k) Savings Plan

No Table II lines on this filing.

F1A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2012 Omnibus Incentive Plan, which is reported as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") common stock. Subject to continuing employment, these RSUs vest in one-third increments on the first, second and third anniversary of the grant date.
F2A portion of Mr. Thome's 2015 Management Incentive Plan Award was deferred in the form of vested RSUs, which are reported 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 carry transfer restrictions that lapse in one-third increments on the first, second and third anniversary of the grant date regardless of continued employment.
F3Represents shares required to be withheld by the Company to satisfy Mr. Thome's tax withholding obligations upon the grant of RSUs.
F4The information in this report is based on a plan statement dated as of February 25, 2016.