0001127602-17-008960.txt : 20170228 0001127602-17-008960.hdr.sgml : 20170228 20170228173546 ACCESSION NUMBER: 0001127602-17-008960 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161110 FILED AS OF DATE: 20170228 DATE AS OF CHANGE: 20170228 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SLM CORP CENTRAL INDEX KEY: 0001032033 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 522013874 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 CONTINENTAL DRIVE CITY: NEWARK STATE: DE ZIP: 19713 BUSINESS PHONE: (302) 283-8000 MAIL ADDRESS: STREET 1: 300 CONTINENTAL DRIVE CITY: NEWARK STATE: DE ZIP: 19713 FORMER COMPANY: FORMER CONFORMED NAME: SALLIE MAE DATE OF NAME CHANGE: 20020517 FORMER COMPANY: FORMER CONFORMED NAME: USA EDUCATION INC DATE OF NAME CHANGE: 20000801 FORMER COMPANY: FORMER CONFORMED NAME: SLM HOLDING CORP DATE OF NAME CHANGE: 19970203 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Boyles Jonathan CENTRAL INDEX KEY: 0001633230 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13251 FILM NUMBER: 17649619 MAIL ADDRESS: STREET 1: 300 CONTINENTAL DRIVE. CITY: NEWARK STATE: DE ZIP: 19713 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2016-11-10 0001032033 SLM CORP SLM 0001633230 Boyles Jonathan 300 CONTINENTAL DRIVE NEWARK DE 19713 1 SVP & Controller Common Stock 2016-11-10 4 M 0 5154 5.7343 A 187980 D Common Stock 2016-11-10 4 F 0 4009 8.59 D 183971 D Common Stock 2016-11-10 4 S 0 1145 8.6025 D 182826 D Common Stock 2016-11-10 4 S 0 8394 8.601 D 174432 D Common Stock 2017-02-26 4 F 0 6954 11.96 D 167478 D Common Stock 2017-02-26 4 F 0 2309 11.96 D 165169 D Stock Options (Right to Buy) 5.7343 2016-11-10 4 M 0 5154 0 D 2015-02-03 2017-02-03 Common Stock 5154 0 D 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. /s/ Nicolas Jafarieh (POA) for Jonathan R. Boyles 2017-02-28