SEC Form 4 · accession 0001127602-18-002556
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
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 8:42 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 Stock | Jan 24, 2018 | M | 200,000 | $4.5939 | A | 615,162 | D | |
| Common StockF1 | Jan 24, 2018 | F | 124,048 | $11.44 | D | 491,114 | D | |
| Common StockF2 | Jan 24, 2018 | S | 125,952 | $11.45 | D | 365,162 | 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) | $4.5939 | Jan 24, 2018 | M | 200,000 | D | Jan 5, 2014 | Jan 5, 2021 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1Represents 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.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $11.25 to $11.60. For all transactions reported in this Form 4 utilizing a weighted average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of units sold at each price within the range.