SEC Form 4 · accession 0001127602-17-002355
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
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 5:36 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 | Jan 23, 2017 | M | 30,272 | $5.7343 | A | 326,019 | D | |
| Common StockF2 | Jan 23, 2017 | F | 20,793 | $11.42 | D | 305,226 | D | |
| Common StockF3 | holding | — | — | — | 2,142 | I | By 401(k) |
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 | Jan 23, 2017 | M | 30,272 | D | Feb 3, 2015 | Feb 3, 2017 | Common Stock | 30,272 | 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.
- F3The information in this report is based on a plan sponsor statement dated as of January 23, 2017.