SEC Form 4 · accession 0001127602-16-050886
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, 2016
Accepted (ET)
May 3, 2016 · 5:35 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 | 1,882 | $6.77 | D | 293,865 | D | |
| Common StockF2 | holding | — | — | — | 2,142 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2014, Mr. McGarry was awarded 16,629 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, 5,543 shares of such RSUs vested, of which 1,882 shares were withheld by the Company to satisfy Mr. McGarry's tax withholding obligations.
- F2Between February 26, 2016 and April 29, 2016, Mr. McGarry acquired 0.172 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 29, 2016.