SEC Form 4 · accession 0001127602-17-004415
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
Feb 4, 2017
Accepted (ET)
Feb 7, 2017 · 6:06 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 | 31,354 | $12.04 | D | 1,447,191 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2014, Mr. Quinlan was awarded 69,070 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 193,728 RSUs outstanding and an additional 403 RSUs attributable to dividends. On February 4, 2017, the restrictions lapsed on 64,577 shares and 31,354 shares of the Company common stock were withheld to satisfy Mr. Quinlan's tax withholding obligations.