<SEC-DOCUMENT>0001127602-16-044251.txt : 20160301
<SEC-HEADER>0001127602-16-044251.hdr.sgml : 20160301
<ACCEPTANCE-DATETIME>20160301174631
ACCESSION NUMBER:		0001127602-16-044251
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160222
FILED AS OF DATE:		20160301
DATE AS OF CHANGE:		20160301

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SLM CORP
		CENTRAL INDEX KEY:			0001032033
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				522013874
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		300 CONTINENTAL DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19713
		BUSINESS PHONE:		(302) 283-8000

	MAIL ADDRESS:	
		STREET 1:		300 CONTINENTAL DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19713

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SALLIE MAE
		DATE OF NAME CHANGE:	20020517

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA EDUCATION INC
		DATE OF NAME CHANGE:	20000801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SLM HOLDING CORP
		DATE OF NAME CHANGE:	19970203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Thome Paul F
		CENTRAL INDEX KEY:			0001668177

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13251
		FILM NUMBER:		161474776

	MAIL ADDRESS:	
		STREET 1:		300 CONTINENTAL DRIVE
		CITY:			NEWARK
		STATE:			DE
		ZIP:			19713
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2016-02-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001032033</issuerCik>
        <issuerName>SLM CORP</issuerName>
        <issuerTradingSymbol>SLM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001668177</rptOwnerCik>
            <rptOwnerName>Thome Paul F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 CONTINENTAL DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEWARK</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19713</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP &amp; Chief Admin Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>84802</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>40834.71</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>401(k)</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>23847.02</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Supplemental 401(k) Savings Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.7343</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2017-02-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>25363</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.4228</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-02-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>39297</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.243</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2021-01-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The information in this report is based on a plan statement dated as of February 25, 2016.</footnote>
        <footnote id="F2">One-third of these options became exercisable on  February 3, 2013. The next one-third of these options became exercisable on February 3, 2014. The remaining one-third of these options became exercisable on February 3, 2015.</footnote>
        <footnote id="F3">One-third of these options became exercisable on February 7, 2014. The next one-third of these options became exercisable on February 7, 2015. The remaining one-third of these options became exercisable on February 7, 2016.</footnote>
        <footnote id="F4">One-third of these options became exercisable on January 27, 2012. The next one-third of these options became exercisable on January 27, 2013. The remaining one-third of these options became exercisable on January 27, 2014.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Nicolas Jafarieh (POA) for Paul F. Thome</signatureName>
        <signatureDate>2016-03-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>doc1.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<HTML><HEAD><TITLE>Paul F. Thome  POA</TITLE></HEAD><BODY style="font-family:Bookman Old Style"><TABLE CELLSPACING="0" BORDER="0" WIDTH="588"><TR><TD VALIGN="TOP" COLSPAN="3"><H1 ALIGN="RIGHT" STYLE="font-size:140%">EXHIBIT 24</H1></TD></TR><TR height="10"><td><div /></td></TR><TR height="10"><td><div /></td></TR><TR><TD VALIGN="TOP" COLSPAN="3"><H1 ALIGN="center" STYLE="font-size:140%">SLM Corp</H1><H2 ALIGN="CENTER" STYLE="font-size:120%">Power of Attorney<BR />
							for Executing Forms 3, 4 and 5</H2></TD></TR><TR height="10"><td><div /></td></TR><TR><TD VALIGN="TOP" COLSPAN="3"><dd />Know
								all men by these presents, that the undersigned, director or officer, or
								both, of SLM Corp, hereby constitutes
								and appoints each of Laurent Lutz, Richard Nelson and Nicolas Jafarieh,
								signing singly, the undersigned's true and lawful attorney-in-fact to:
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD WIDTH="16%" VALIGN="TOP" ALIGN="center">
								(1)
						</TD><TD WIDTH="84%" VALIGN="TOP" COLSPAN="2">
								execute for and on behalf of the undersigned, in the undersigned's capacity
								as an officer and/or director of SLM Corp (the "Company"),
								Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange
								Act of 1934 and the rules thereunder;
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD WIDTH="16%" VALIGN="TOP" ALIGN="center">
								(2)
						</TD><TD WIDTH="84%" VALIGN="TOP" COLSPAN="2">
							do and perform any and all acts for and on behalf of the undersigned which may
							be necessary or desirable to complete and execute any such Form 3, 4 or 5 and
							timely file such form with the United States Securities and Exchange Commission
							and any stock exchange or similar authority; and
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD WIDTH="16%" VALIGN="TOP" ALIGN="center">
								(3)
						</TD><TD WIDTH="84%" VALIGN="TOP" COLSPAN="2">
							take any other action of any type whatsoever in connection with the foregoing
							which, in the opinion of such attorney-in-fact, may be of benefit to, in the
							best interest of, or legally required by, the undersigned, it being understood
							that the documents executed by such attorney-in-fact on behalf of the undersigned
							pursuant to this Power of Attorney shall be in such form and shall contain such
							terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's
							discretion.
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD VALIGN="TOP" COLSPAN="3"><dd />The
								undersigned hereby grants to each such attorney-in-fact full power and authority
								to do and perform any and every act and thing whatsoever requisite, necessary,
								or proper to be done in the exercise of any of the rights and powers herein
								granted, as fully to all intents and purposes as the undersigned might or could
								do if personally present, with full power of substitution or revocation, hereby
								ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's
								substitute or substitutes, shall lawfully do or cause to be done by virtue of
								this power of attorney and the rights and powers herein granted. The undersigned
								acknowledges that the foregoing attorneys-in-fact, in serving in such capacity
								at the request of the undersigned, are not assuming, nor is the Company assuming,
								any of the undersigned's responsibilities to comply with Section 16 of the Securities
								Exchange Act of 1934.
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD VALIGN="TOP" COLSPAN="3"><dd />This
								Power of Attorney shall remain in full force and effect until the undersigned
								is no longer required to file Forms 3, 4 and 5 with respect to the
								undersigned's holdings of and transactions in securities of SLM Corp
								unless earlier revoked by the undersigned in a signed writing
								delivered to the foregoing attorneys-in-fact.
						</TD></TR><TR height="10"><td><div /></td></TR><TR><TD VALIGN="TOP" COLSPAN="3"><dd />IN
								WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this 25<sup>th</sup>
								day of February, 2016</TD></TR><TR height="10"><td><div /></td></TR></TABLE><table border="0" width="100%" cellpadding="1" WIDTH="588"><tr><td rowspan="2" width="64%" /><td style="border-bottom: solid black 1px" width="36%">
						/s/ Paul F. Thome</td></tr><tr><td>Paul F. Thome</td></tr></table></BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
