SEC Form 4 · accession 0001127602-17-034097
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
Dec 5, 2017
Accepted (ET)
Dec 7, 2017 · 10:47 am 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 | Dec 5, 2017 | M | 181,459 | $6.4228 | A | 604,157 | D | |
| Common StockF2 | Dec 5, 2017 | F | 140,331 | $11.71 | D | 463,826 | D | |
| Common StockF3 | Dec 5, 2017 | G | 11,760 | $0.00 | D | 452,066 | D | |
| Common StockF4 | Dec 5, 2017 | G | 36,904 | $0.00 | D | 415,162 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1,F5 | $6.4228 | Dec 5, 2017 | M | 181,459 | D | — | Feb 7, 2018 | Common Stock | 181,459 | 0 | D |
Explanation of responses
- F1Stock options exercised by the reporting person in advance of pending expiration of options.
- F2Represents shares withheld by the Company to satisfy the exercise price of the options, and to satisfy the reporting person's tax withholding obligations upon the exercise of the options.
- F3Represents a gift to a previously created endowed public interest law fellowship.
- F4Represents shares contributed to a donor advised charitable fund.
- F5The options became exercisable in three equal increments on February 7, 2014, 2015, and 2016.