SLM CORP 4
4 · SLM CORP · Filed Feb 6, 2014
Insider Transaction Report
Form 4
SLM CORPSLM
DEPAULO JOSEPH A
Executive Vice President
Transactions
- Award
Common Stock
2014-02-04+69,009→ 383,401.398 total - Award
Common Stock
2014-02-04+16,317→ 399,718.398 total - Tax Payment
Common Stock
2014-02-04$21.91/sh−561$12,292→ 399,157.398 total
Holdings
- 1,740(indirect: By Children)
Common Stock
Footnotes (3)
- [F1]Grant of Restricted Stock Units ("RSUs") under the SLM Corporation 2012 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") common stock. These RSUs vest in one-third increments on the first, second and third anniversary of the grant date.
- [F2]Grant of RSUs under the SLM Corporation 2012 Omnibus Incentive Plan, 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 2013 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.