SEC Form 4 · accession 0001127602-18-009106
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 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:21 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 26, 2018 | F | 69,499 | $11.16 | D | 1,156,575 | D | |
| Common StockF2 | Feb 26, 2018 | F | 16,154 | $11.16 | D | 1,140,421 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 26, 2016, 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 26, 2017, 2018 and 2019. On February 26, 2018, 151,261 shares vested in connection with these RSUs, of which 69,499 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F2On February 26, 2016, 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 26, 2017, 2018 and 2019. On February 26, 2018, the transfer restrictions lapsed in connection with 37,063 of these RSUs, of which 16,154 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.