SEC Form 4 · accession 0001127602-16-067743
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
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:13 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 16, 2016 | M | 107,775 | $5.7343 | A | 1,052,759 | D | |
| Common StockF2 | Nov 16, 2016 | F | 86,678 | $9.40 | D | 966,081 | D | |
| Common Stock | Nov 16, 2016 | S | 21,097 | $9.401 | D | 944,984 | D | |
| Common StockF3 | Nov 16, 2016 | G | 13,000 | $0.00 | D | 931,984 | 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 16, 2016 | M | 107,775 | D | Feb 3, 2015 | Feb 3, 2017 | Common Stock | 107,775 | 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.
- F3Represents a gift to a previously created endowed public interest law fellowship.