SEC Form 4 · accession 0001127602-16-067252
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles P Rocha
Officer — EVP & Chief Marketing Officer
Period of report
Nov 14, 2016
Accepted (ET)
Nov 15, 2016 · 5:09 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 StockF1 | Nov 14, 2016 | M | 32,727 | $5.7343 | A | 254,499 | D | |
| Common StockF2 | Nov 14, 2016 | F | 24,398 | $9.33 | D | 230,101 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1 | $5.7343 | Nov 14, 2016 | M | 32,727 | D | Feb 3, 2015 | Feb 3, 2017 | Common Stock | 32,727 | 0 | D |
Explanation of responses
- F1Stock options exercised by the reporting person in advance of pending expiration of options.
- F2Represents shares withheld by the Company to satisfy the exercise price of the option, and to satisfy the reporting person's tax withholding obligations upon the exercise of the option.