SEC Form 4 · accession 0001127602-16-050880
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
May 1, 2016
Accepted (ET)
May 3, 2016 · 5:31 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, 2016 | F | 11,000 | $6.77 | D | 944,984 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2014, Mr. Lutz was awarded 66,260 Restricted Stock Units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company") to vest in one-third increments on May 1, 2015, 2016 and 2017. On May 1, 2016, 22,087 shares of such RSUs vested, of which 11,000 shares were withheld by the Company to satisfy Mr. Lutz's tax withholding obligations.