X0306 4 2017-11-30 0001032033 SLM CORP SLM 0001376712 Lutz Laurent Charles 300 CONTINENTAL DRIVE NEWARK DE 19713 1 EVP, GC and Secretary Common Stock 2017-11-30 4 F 0 308537 11.57 D 422698 D On May 21, 2014, 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 on November 30, 2017. On November 30, 2017, 619,551 shares vested in connection with these RSUs, of which 308,537 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. /s/ Nicolas Jafarieh (POA) for Laurent C. Lutz 2017-12-04