X0306 4 2018-02-26 0001032033 SLM CORP SLM 0001607121 McGarry Steven 300 CONTINENTAL DRIVE NEWARK DE 19713 1 EVP & Chief Financial Officer Common Stock 2018-02-26 4 F 0 10291 11.16 D 346842 D Common Stock 2018-02-26 4 F 0 7924 11.16 D 338918 D Common Stock 2141.996 I 401(k) Savings Plan On February 26, 2016, 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 26, 2017, 2018 and 2019. On February 26, 2018, 22,409 shares vested in connection with these RSUs, of which 10,291 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. On February 26, 2016, 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 26, 2017, 2018 and 2019. On February 26, 2018, the transfer restrictions lapsed in connection with 18,189 of these RSUs, of which 7,924 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 February 28, 2018. /s/ Nicolas Jafarieh (POA) for Steven J. McGarry 2018-02-28