X0306 4 2018-02-10 0001032033 SLM CORP SLM 0001607121 McGarry Steven 300 CONTINENTAL DRIVE NEWARK DE 19713 1 EVP & Chief Financial Officer Common Stock 2018-02-10 4 F 0 7773 10.67 D 361315 D Common Stock 2018-02-10 4 F 0 4182 10.67 D 357133 D Common Stock 2141.996 I 401(k) Savings Plan On February 10, 2015, 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 10, 2016, 2017 and 2018. On February 10, 2018, 16,931 shares vested in connection with these RSUs, of which 7,773 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. On February 10, 2015, 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 10, 2016, 2017 and 2018. On February 10, 2018, the transfer restrictions lapsed in connection with 9,608 of these RSUs, of which 4,182 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. Represents the number of units held in a unitized stock fund in the Sallie Mae 401(k) Savings Plan as of January 23, 2018. /s/ Nicolas Jafarieh (POA) for Steven J. McGarry 2018-02-13