FEIERSTEIN BARRY 4
4 · SLM CORP · Filed Feb 2, 2009
Insider Transaction Report
Form 4
SLM CORPSLM
FEIERSTEIN BARRY
Executive Vice President
Transactions
- Award
Stock Option (Right to Buy)
2009-01-29+150,000→ 150,000 totalExercise: $11.21Exp: 2019-01-29→ Common Stock (150,000 underlying) - Tax Payment
Common Stock
2009-01-31$11.45/sh−1,319$15,103→ 18,982 total - Award
Common Stock
2009-01-29+10,000→ 20,301 total
Holdings
- 318.67(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]These shares of Restricted Stock vest upon the later of the achievement of specific performance targets and a specified date.
- [F2]One-third of these options vest upon the later of the first anniversary of the grant date (January 29, 2010) and the extent to which core earnings net income is achieved. One-third of these options vest upon the later of the second anniversary of the grant date (January 29, 2011) and the extent to which core earnings net income is achieved. One-third of these options vest upon the later of the third anniversary of the grant date (January 29, 2012) and the extent to which core earnings net income is achieved. To the extent of vesting of each one-third of the options, any remaining unvested options of the one-third eligible for vesting in that year will be forfeited and cancelled.