SLM CORP 4
4 · SLM CORP · Filed Feb 5, 2014
Insider Transaction Report
Form 4
SLM CORPSLM
DEPAULO JOSEPH A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2014-02-03$22.21/sh−4,092$90,883→ 314,392.398 total
Holdings
- 1,740(indirect: By Children)
Common Stock
Footnotes (1)
- [F1]As previously reported, on February 3, 2012, Mr. DePaulo was granted 37,523 bonus restricted stock units ("RSUs") representing rights to receive shares of SLM Corporation (the "Company") common stock in the future, which grant was approved by the Compensation and Personnel Committee (the "Compensation Committee") of the Board of Directors. One-third of these RSUs are settled on the first, second and third anniversaries of the grant date by delivery of the Company's common stock. On February 3, 2014, 12,210 shares of such RSUs were settled and 723 additional shares were issued to Mr. DePaulo upon the vesting of the related dividend equivalent rights, of which 4,092 shares were withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. DePaulo's tax withholding obligations.