SEC Form 4 · accession 0001127602-17-016625
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurent Charles Lutz
Officer — EVP, GC and Secretary
Period of report
May 1, 2017
Accepted (ET)
May 3, 2017 · 4:32 pm EDT
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 | May 1, 2017 | F | 9,064 | $12.75 | D | 731,235 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2014, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on May 1, 2015, 2016 and 2017. On May 1, 2017, 22,087 shares vested in connection with these RSUs, of which 9,064 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.