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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 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
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*
Pitcher Jed H
(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)
03/12/2019
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
Common Stock 03/12/2019 M 1,000(1) A $2.0549 44,836 D
Common Stock 03/12/2019 F 195(2) D $10.59 44,641 D
Common Stock 03/12/2019 S 805 D $10.5938 43,836 D
Common Stock 2,633 I By Trust
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) $2.0549 03/12/2019 M 1,000(1) 04/14/2012 04/14/2019 Common Stock 1,000 $0 0 D
Explanation of Responses:
1. Stock options exercised by the reporting person in advance of pending expiration of options.
2. Represents shares withheld by the Company to satisfy the exercise price of the options.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Jeffrey Lipschutz (POA) for Jed H. Pitcher 03/14/2019
** 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.
Exhibit A
Jed H. Pitcher
Power of Attorney

POWER OF ATTORNEY:

EXHIBIT 24 - POWER OF ATTORNEY
LIMITED POWER OF ATTORNEY
FOR SECTION 16 REPORTING OBLIGATIONS

1.	The undersigned hereby
makes, constitutes and appoints
each of Nicolas Jafarieh, Jeffrey
Lipschutz,Richard Nelson,Michael
Sheehan and Paul Van Hook 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 Corporations 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-facts 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 Corporations
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 6th day of
September 2018.

Signature:  /s/ Jed H. Pitcher
	    Jed H. Pitcher