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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
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OMB Number: 3235-0287
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hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Puleo Frank C
(Last) (First) (Middle)
300 CONTINENTAL DRIVE
(Street)
NEWARK DE 19713
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SLM CORP [ SLM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $7.99(1) 04/30/2014 J(1) 6,600 05/08/2013 05/08/2018 Common Stock 6,600 $0(1) 6,600 D
Stock Options (Right to Buy) $2.0692(1) 04/30/2014 J(1) 26,000 06/12/2009 05/22/2019 Common Stock 26,000 $0(1) 26,000 D
Stock Options (Right to Buy) $3.6974(1) 04/30/2014 J(1) 10,900 05/13/2010 01/28/2020 Common Stock 10,900 $0(1) 10,900 D
Stock Options (Right to Buy) $5.243(1) 04/30/2014 J(1) 9,500 05/19/2011 01/27/2021 Common Stock 9,500 $0(1) 9,500 D
Stock Options (Right to Buy) $5.7343(1) 04/30/2014 J(1) 13,994 05/24/2012 02/03/2017 Common Stock 13,994 $0(1) 13,994 D
Stock Options (Right to Buy) $6.4228(1) 04/30/2014 J(1) 19,572 05/30/2013 02/07/2018 Common Stock 19,572 $0(1) 19,572 D
Explanation of Responses:
1. Reflects adjustments in the number of SLM Corporation (SLM) derivative securities held by the reporting person as a result of the spin-off of Navient Corporation (Navient) by SLM (the "Spin-Off") on April 30, 2014. The share amounts, exercise prices and other material terms (as applicable) of the foregoing SLM derivative securities were generally adjusted, so that taken together with new equity awards issued by Navient, the value of all awards of (a) SLM derivative securities held by the reporting person immediately prior to the Spin-Off is equal to (b) the aggregate value of all SLM and Navient equity awards held by the reporting person immediately following the Spin-Off.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Nicolas Jafarieh (POA) for Frank C. Puleo 05/06/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
LIMITED POWER OF ATTORNEY
FOR SECTION 16 REPORTING OBLIGATIONS

1.	The undersigned hereby makes, constitutes and appoints each of Laurent
Lutz, Richard Nelson and Nicolas Jafarieh or each of them acting individually,
as his or her true and lawful attorney-in-fact, with full power and authority
to:
(A)	prepare, execute in the undersigned?s name and on the undersigned?s behalf,
and submit to the United States Securities and Exchange Commission (the ?SEC?)
a Form ID, including amendments thereto, and any other documents necessary or
appropriate to obtain codes and passwords enabling the undersigned  to make
electronic filings with the SEC of the reports required by Section 16(a) of the
Securities Exchange Act of 1934 and the rules and regulations promulgated
thereunder, as amended from time to time (the ?Exchange Act?);
(B)	prepare, execute in the undersigned?s name and on the undersigned?s behalf
and file Forms 3, 4, and 5 (including any amendments thereto) with respect to
the securities and derivative securities of SLM Corporation, (the
?Corporation?), with the SEC, any national securities exchanges and the
Corporation, as considered necessary or advisable under Section 16(a) of the
Exchange Act;
(C)	do and perform any and all acts for and on behalf of the undersigned which
may be legally required or desirable in connection with the foregoing,
including, but not limited to, seeking or obtaining information on
transactions in the Corporation?s securities from any third party, including
brokers, employee benefit plan administrators and trustees, and the
undersigned hereby authorizes any such person to release any such information
to the attorney-in-fact and approves and ratifies any such release of
information; and
(D)	perform any and all other acts which in the discretion of such attorney-
in-fact are legally required or desirable for and on behalf of the undersigned
in connection with the foregoing, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned pursuant to
this Limited 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.
2.	The undersigned hereby gives and grants each of the foregoing attorneys-
in-fact full power and authority to do and perform all and every act and thing
whatsoever requisite, necessary or appropriate to be done in and about the
foregoing matters as fully to all intents and purposes as the undersigned
might or could do if personally present, with full power of substitution,
hereby ratifying and confirming all that each such attorney-in-fact of, for
and on behalf of the undersigned, shall heretofore or hereafter lawfully do or
cause to be done by virtue of this Limited Power of Attorney.  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 Corporation
assuming, nor relieving the undersigned of, any of the undersigned?s
responsibilities to identify, disclose, ensure the proper reporting of and
monitor the reporting of and any potential liability with respect to any
transactions and holdings under Section 16 of the Exchange Act.

3.	This Limited 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 the Corporation?s
securities, unless earlier revoked by the undersigned in a signed writing
delivered to each such attorney-in-fact.  Upon signing of this Limited Power
of Attorney, the undersigned hereby revokes all previous powers of attorney
granted concerning the subject matter herein.

IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney
to be executed as of the __1_st day of _April____, 2014.


                                  Signature:	___/s/__Frank Puleo_____