4//SEC Filing
DEPAULO JOSEPH A 4
Accession 0001127602-13-005464
CIK 0001032033other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 9:31 PM ET
Size
12.2 KB
Accession
0001127602-13-005464
Insider Transaction Report
Form 4
SLM CORPSLM
DEPAULO JOSEPH A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2013-02-07$17.91/sh−813$14,561→ 322,147 total - Award
Stock Options (Right to Buy)
2013-02-07+229,531→ 229,531 totalExercise: $17.91Exp: 2018-02-07→ Common Stock (229,531 underlying) - Award
Common Stock
2013-02-07+84,426→ 304,409 total - Award
Common Stock
2013-02-07+18,551→ 322,960 total
Holdings
- 1,740(indirect: By Children)
Common Stock
Footnotes (4)
- [F1]Grant of Performance Stock Units ("PSUs") which is classified as "Common Stock," as permitted, since the PSUs will be settled solely by delivery of shares of the Company's common stock upon vesting. The PSUs will vest after a three-year performance period (2013-2015), with potential payout ranging from 0% to 130% of the target award based on the Company's cumulative "core net income" for such performance period. The PSUs will vest on the second business day after the Company files its annual report on Form 10-K for the year ending 2015 with the SEC, and in no event later than March 15, 2016.
- [F2]Grant of Restricted Stock Units ("RSUs") which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of the Company's common stock. These RSUs represent a portion of the award for 2012 and are vested at grant but subject to transfer restrictions until settlement by delivery of common stock in one-third increments on the first, second and third anniversary of the grant date.
- [F3]Represents shares required to be withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. DePaulo's tax withholding obligations upon the grant of the RSUs.
- [F4]These options vest as follows: (i) 1/3 will vest on the first anniversary date of the grant (February 7, 2014); (ii) 1/3 will vest upon (A) the Company's common stock having a closing price per share that is at least $19.00 for any five consecutive trading days and (B) the second anniversary of the grant date (February 7, 2015); and (iii) 1/3 will vest upon (A) the Company's common stock having a closing price per share that is at least $21.00 for any five consecutive trading days and (B) the third anniversary of the grant date (February 7, 2016).
Documents
Issuer
SLM CORP
CIK 0001032033
Entity typeother
Related Parties
1- filerCIK 0001459757
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 9:31 PM ET
- Size
- 12.2 KB