SEC Form 4 · accession 0001127602-19-002957
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, 2019
Accepted (ET)
Jan 29, 2019 · 6:43 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, 2019 | F | 3,827 | $11.02 | D | 239,507 | D | |
| Common StockF2 | Jan 26, 2019 | F | 1,493 | $11.02 | D | 238,014 | D | |
| Common StockF3 | Jan 27, 2019 | F | 4,175 | $11.02 | D | 233,839 | D | |
| Common StockF4 | Jan 27, 2019 | F | 2,161 | $11.02 | D | 231,678 | D | |
| Common StockF5 | holding | — | — | — | 2,142 | I | 401(k) Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 26, 2018, 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 January 26, 2019, 2020 and 2021. On January 26, 2019, 13,401 shares vested in connection with these RSUs, of which 3,827 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F2On January 26, 2018, 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 January 26, 2019, 2020 and 2021. On January 26, 2019, the transfer restrictions lapsed in connection with 5,240 of these RSUs, of which 1,493 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F3On January 27, 2017, 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 January 27, 2018, 2019 and 2020. On January 27, 2019, 13,260 shares vested in connection with these RSUs, of which 4,175 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F4On January 27, 2017, 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 January 27, 2018, 2019 and 2020. On January 27, 2019, the transfer restrictions lapsed in connection with 4,970 of these RSUs, of which 2,161 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- F5Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 17, 2019.
Remarks
EXHIBIT 24 - POWER OF ATTORNEY