SEC Form 4 · accession 0001127602-17-004413
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
Feb 4, 2017
Accepted (ET)
Feb 7, 2017 · 6:05 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 | Feb 4, 2017 | F | 4,347 | $12.04 | D | 356,887 | D | |
| Common StockF2 | holding | — | — | — | 2,142 | I | 401(k) Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2014, Mr. McGarry was awarded 13,692 Restricted Stock Units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company") that were subsequently adjusted in the spin-off of Navient to reflect 38,404 RSUs outstanding and an additional 80 RSUs attributable to dividends. On February 4, 2017, the restrictions lapsed on 12,802 RSUs and 4,347 shares of the Company common stock were withheld to satisfy Mr. McGarry's tax withholding obligations.
- F2Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 23, 2017