SEC Form 4 · accession 0001127602-18-005532
SLM Corp · SLM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond J. Quinlan
Officer — Chairman & CEO · Director
Period of report
Feb 10, 2018
Accepted (ET)
Feb 13, 2018 · 4:50 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 | Feb 10, 2018 | F | 48,618 | $10.67 | D | 1,235,998 | D | |
| Common StockF2 | Feb 10, 2018 | F | 9,924 | $10.67 | D | 1,226,074 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2015, 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 February 10, 2016, 2017 and 2018. On February 10, 2018, 105,820 shares vested in connection with these RSUs, of which 48,618 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F2On February 10, 2015, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of common stock of SLM Corporation (the "Company"), subject to transfer restrictions that lapse in one-third increments on February 10, 2016, 2017 and 2018. On February 10, 2018, the transfer restrictions lapsed in connection with 22,769 of these RSUs, of which 9,924 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.