SEC Form 4 · accession 0001127602-17-000377
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond J. Quinlan
Officer — Chairman & CEO · Director
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 8:42 am 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 | Dec 31, 2016 | F | 24,345 | $11.02 | D | 1,219,250 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As reported on April 30, 2014, a previous January 21, 2014 Restricted Stock Unit ("RSU") award to Mr. Quinlan was increased to cover 150,422 shares of Company common stock in connection with the spin-off of Navient Corporation ("Navient") to reflect the original value of this RSU award in the post-spin-off adjusted common stock of the Company. The adjusted RSU award vests in one-third increments on December 31, 2014, 2015 and 2016. As reported herein, 24,345 shares of the Company common stock were withheld to satisfy Mr. Quinlan's tax withholding obligations on the shares vesting under the RSU award on December 31, 2016.