4//SEC Filing
DEPAULO JOSEPH A 4
Accession 0001127602-13-003116
CIK 0001032033other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 8:42 PM ET
Size
8.4 KB
Accession
0001127602-13-003116
Insider Transaction Report
Form 4
SLM CORPSLM
DEPAULO JOSEPH A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2013-01-27$16.90/sh−8,331$140,794→ 226,127 total - Tax Payment
Common Stock
2013-01-28$16.75/sh−2,634$44,120→ 223,493 total
Holdings
- 1,740(indirect: By Children)
Common Stock
Footnotes (3)
- [F1]As previously reported, on January 27, 2011, Joseph A. DePaulo was granted 50,000 restricted stock units (RSUs) and 19,083 bonus RSUs representing rights to receive shares of the Company's common stock in the future, which grant was approved by the Compensation and Personnel Committee (the "Compensation Committee") of the Board of Directors of SLM Corporation (the "Company"). One-third of these RSUs and bonus RSUs vest on first, second and third anniversaries of the grant date. On January 27, 2013, an additional 16,666 RSUs and 6,227 bonus RSUs vested and 1,227 additional shares were issued to Mr. DePaulo upon the vesting of the related dividend equivalent rights, of which 8,331 shares were withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. DePaulo's tax withholding obligations.
- [F2]Dividend equivalent rights issued on unvested restricted stock and RSUs are included in Mr. DePaulo's common stock holding balance.
- [F3]As previously reported, on January 28, 2010, Mr. DePaulo was granted 20,000 restricted shares of the Company's common stock, which grant was approved by the Compensation Committee. One-third of these restricted shares vest on first, second and third anniversaries of the grant date. On January 28, 2013, the remaining 6,667 shares of such restricted stock vested and 355 additional shares were issued to Mr. DePaulo upon the vesting of the related dividend equivalent rights, of which 2,634 shares were withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. DePaulo's tax withholding obligations.
Documents
Issuer
SLM CORP
CIK 0001032033
Entity typeother
Related Parties
1- filerCIK 0001459757
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 8:42 PM ET
- Size
- 8.4 KB