SLM CORP 4
4 · SLM CORP · Filed Aug 13, 2007
Insider Transaction Report
Form 4
SLM CORPSLM
PORTER ALEXANDER A. JR.
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2007-08-09−315,000→ 0 totalExercise: $13.11Exp: 2007-08-13→ Common Stock (315,000 underlying) - Exercise/Conversion
Common Stock
2007-08-09$13.11/sh+315,000$4,130,627→ 316,270 total - Tax Payment
Common Stock
2007-08-09$49.09/sh−84,144$4,130,629→ 232,126 total
Holdings
- 687,771(indirect: By Partnership)
Common Stock
Footnotes (1)
- [F1]The options become exercisable in increments of one-third upon the Company's common stock having a closing price on the New York Stock Exchange of $14.28, $19.05, and $23.81, respectively, for five trading days, they also become exercisable on the eighth anniversary of the grant (August 13, 2005) subject to the reporting person's continued service with the Company.