SLM CORP 4
4 · SLM CORP · Filed Jan 29, 2014
Insider Transaction Report
Form 4
SLM CORPSLM
DEPAULO JOSEPH A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2014-01-27$22.98/sh−8,404$193,124→ 318,484.398 total
Holdings
- 1,740(indirect: By Children)
Common Stock
Footnotes (2)
- [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 SLM Corporation's (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 the Company. One-third of these RSUs and bonus RSUs vest on first, second and third anniversaries of the grant date. On January 27, 2014, 16,667 RSUs and 6,226 bonus RSUs vested and 1,860 additional shares were issued to Mr. DePaulo upon the vesting of the related dividend equivalent rights, of which 8,404 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 RSUs and PSUs are included in Mr. DePaulo's common stock holding balance.