SEC Form 4 · accession 0001127602-17-016626
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
May 1, 2017
Accepted (ET)
May 3, 2017 · 4:33 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,F2 | May 1, 2017 | F | 2,692 | $12.75 | D | 321,678 | D | |
| Common StockF3 | holding | — | — | — | 2,142 | I | 401(k) Savings Plan |
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, 5,543 shares vested in connection with these RSUs, of which 2,692 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F2The total number of shares of Common Stock is adjusted to correct for a prior administrative error with respect to the number of shares of Common Stock reported to be held by the Reporting Person.
- F3Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of May 1, 2017.