SEC Form 4 · accession 0001127602-18-002811
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
Jan 26, 2018
Accepted (ET)
Jan 29, 2018 · 5:16 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 | Jan 26, 2018 | M | 44,755 | $6.4228 | A | 366,433 | D | |
| Common StockF2 | Jan 26, 2018 | F | 30,919 | $11.63 | D | 335,613 | D | |
| Common Stock | Jan 26, 2018 | S | 13,836 | $11.621 | D | 321,777 | D | |
| Common StockF3 | holding | — | — | — | 2,142 | I | 401(k) Savings Plan |
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 | $6.4228 | Jan 26, 2018 | M | 44,755 | D | Feb 7, 2016 | Feb 7, 2018 | Common Stock | 44,755 | 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 the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 26, 2018