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Filing Details

Accession Number:: 0001127602-17-008960
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-28 17:35:46
Reporting Period:: 2016-11-10

Filing Date:: 2017-02-28
Accepted Time:: 2017-02-28 17:35:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1032033	Slm Corp	SLM	Personal Credit Institutions (6141)	522013874

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1633230	Jonathan Boyles	300 Continental Drive Newark DE 19713	Svp & Controller	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-11-10	5,154	$5.73	187,980	No	4	M	Direct
Common Stock	Disposition	2016-11-10	4,009	$8.59	183,971	No	4	F	Direct
Common Stock	Disposition	2016-11-10	1,145	$8.60	182,826	No	4	S	Direct
Common Stock	Disposition	2016-11-10	8,394	$8.60	174,432	No	4	S	Direct
Common Stock	Disposition	2017-02-26	6,954	$11.96	167,478	No	4	F	Direct
Common Stock	Disposition	2017-02-26	2,309	$11.96	165,169	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	F	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2016-11-10	5,154	$0.00	5,154	$5.73

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-02-03	2017-02-03	No	4	M	Direct

Footnotes

This item reports the exercise of SARs with respect to 5,154 shares, which was previously not reported due to an administrative error.
The total number of shares of Common Stock is adjusted to correct for a prior administrative error with respect to the number of shares of Common Stock reported to be held by the Reporting Person.
This item reports the withholding of 4,009 shares that occurred in connection with the exercise of SARs, which was previously not reported due to an administrative error.
This item reports the sale of 1,145 shares, which was previously not reported due to an administrative error. The disposition of these shares did not give rise to any matchable transaction.
This item reports the sale of 8,394 shares, which was previously not reported due to an administrative error. The disposition of these shares did not give rise to any matchable transaction.
On February 26, 2016, Mr. Boyles 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, 2017, 21,008 shares vested in connection with these RSUs, of which 6,954 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
On February 26, 2016, a portion of Mr. Boyles's 2015 Management Incentive Plan was granted in the form of RSUs that carry transfer restrictions that lapse in one-half increments on February 26, 2017 and 2018, regardless of continued employment. On February 26, 2017, the restrictions lapsed on 7,508 RSUs, and 2,309 shares of the Company common stock were withheld to satisfy Mr. Boyles's tax withholding obligations.