Lutz Laurent Charles 4
4 · SLM CORP · Filed Jan 26, 2018
Insider Transaction Report
Form 4
SLM CORPSLM
Lutz Laurent Charles
EVP & General Counsel
Transactions
- Exercise/Conversion
Common Stock
2018-01-24$4.59/sh+200,000$918,780→ 615,162 total - Exercise/Conversion
Stock Options (Right to Buy)
2018-01-24−200,000→ 0 totalExercise: $4.59From: 2014-01-05Exp: 2021-01-05→ Common Stock (200,000 underlying) - Tax Payment
Common Stock
2018-01-24$11.44/sh−124,048$1,419,109→ 491,114 total - Sale
Common Stock
2018-01-24$11.45/sh−125,952$1,442,150→ 365,162 total
Footnotes (2)
- [F1]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.
- [F2]The price in Column 4 is a weighted average price. The prices actually received ranged from $11.25 to $11.60. For all transactions reported in this Form 4 utilizing a weighted average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of units sold at each price within the range.