X0202 4 2006-01-26 0 0001032033 SLM CORP SLM 0001140230 MCCORMACK JUNE M 12061 BLUEMONT WAY RESTON VA 20190 0 1 0 0 Executive Vice President Common Stock 2006-01-26 4 A 0 7000 0 A 223098.0000 D Common Stock 2006-01-28 4 F 0 1220 56.8300 D 221878.0000 D Phantom Stock Units 2006-01-26 4 A 0 5016 55.8200 A 32669.2200 D Stock Option (Right to Buy) 55.8200 2006-01-26 4 A 0 30000 0 A 2016-01-26 Common Stock 30000.0000 30000.0000 D These shares of Restricted Stock vest upon the later of the achievement of specific performance targets and a specified date. Includes units acquired under Officer Deferred Compensation Plan. Units are settled in the Company's common stock. Balance includes shares acquired through dividend reinvestment. These options become exercisable upon the Company's common stock having a closing price on the New York Stock Exchange of $66.98, for five trading days, they also become exercisable on the eighth anniversary of the grant (January 26, 2014), but no sooner than one year from the grant date. By: Mary F. Eure (POA) 2006-01-28