SEC Form 4 · accession 0001127602-17-006157
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Boyles
Officer — SVP & Controller
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 6:50 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 10, 2017 | F | 4,379 | $12.43 | D | 184,403 | D | |
| Common StockF2 | Feb 10, 2017 | F | 1,474 | $12.43 | D | 182,929 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2015, Mr. Boyles was granted 39,682 restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to continued employment, to vest in one-third increments on February 10, 2016, 2017 and 2018. On February 10, 2017, 13,228 shares vested in connection with these RSUs, of which 4,379 shares were withheld by the Company to satisfy Mr. Boyles's tax withholding obligations.
- F2On February 10, 2015, a portion of Mr. Boyles's 2014 Management Incentive Plan Award was granted in the form of RSUs that carry transfer restrictions that lapse in one-half increments on February 10, 2016 and 2017, regardless of continued employment. On February 10, 2017, the restrictions lapsed on 4,792 RSUs, and 1,474 shares of the Company common stock were withheld to satisfy Mr. Boyles's tax obligations in connection with the lapsing of such restrictions.