Lutz Laurent Charles 4
4 · SLM CORP · Filed Dec 7, 2017
Insider Transaction Report
Form 4
SLM CORPSLM
Lutz Laurent Charles
EVP & General Counsel
Transactions
- Tax Payment
Common Stock
2017-12-05$11.71/sh−140,331$1,643,276→ 463,826 total - Gift
Common Stock
2017-12-05−11,760→ 452,066 total - Exercise/Conversion
Common Stock
2017-12-05$6.42/sh+181,459$1,165,475→ 604,157 total - Gift
Common Stock
2017-12-05−36,904→ 415,162 total - Exercise/Conversion
Stock Options (Right to Buy)
2017-12-05−181,459→ 0 totalExercise: $6.42Exp: 2018-02-07→ Common Stock (181,459 underlying)
Footnotes (5)
- [F1]Stock options exercised by the reporting person in advance of pending expiration of options.
- [F2]Represents shares withheld by the Company to satisfy the exercise price of the options, and to satisfy the reporting person's tax withholding obligations upon the exercise of the options.
- [F3]Represents a gift to a previously created endowed public interest law fellowship.
- [F4]Represents shares contributed to a donor advised charitable fund.
- [F5]The options became exercisable in three equal increments on February 7, 2014, 2015, and 2016.