SEC Form 4 · accession 0001127602-16-050895
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul F Thome
Officer — EVP & Chief Admin Officer
Period of report
May 1, 2016
Accepted (ET)
May 3, 2016 · 5:39 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 | 1,296 | $6.77 | D | 173,774 | D | |
| Common StockF2 | holding | — | — | — | 40,838 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 23,847 | I | Supplemental 401(k) Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2014, Mr. Thome was awarded 12,012 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, 4,004 shares of such RSUs vested, of which 1,296 shares were withheld by the Company to satisfy Mr. Thome's tax withholding obligations.
- F2Between February 26, 2016 and April 29, 2016, Mr. Thome acquired 3.276 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.
- F3Between February 26, 2016 and April 29, 2016, Mr. Thome acquired 0.001 shares of Company common stock under the Company's Supplemental 401(k) plan. The information in this report is based on a plan sponsor statement dated as of April 29, 2016.