- ---------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
|F O R M 3| Washington, D.C. 20549 | OMB APPROVAL |
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INITIAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0104|
|Expires: September 30,1998|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |Estimated ave. burden |
Section 17(a) of the Public Utility Holding Company Act of 1935 or |hours per response.....0.5|
Section 30(f) of the Investment Company Act 1940 ----------------------------
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|1.Name and Address of Reporting Person* |2.Date of Event |4.Issuer Name and Ticker or Trading Symbol |
| | Requiring Statement | |
| | (Month/Day/Year) | SLM Holding Corporation |
| | | (SLM)|
| | | |
|----------------------------------------| |-----------------------------------------------------------------|
| (Last) (First) (MI)| 05/18/2000 |5.Relationship of Reporting Person to |6.If Amendment, Date of |
| | | Issuer (Check all Applicable) | Original (Mon/Day/Year)|
| 11600 Sallie Mae Drive | | | |
| |-----------------------| X Director 10% Owner | |
| |3.IRS or Soc. Sec. No. |--- --- |-------------------------|
|----------------------------------------| of Reporting Person | |7.Individual or Joint/ |
| (Street) | (Voluntary) | Officer Other | Group Filing |
| | |---(give title below)---(Specify below)| (Check Applicable Line)|
| | | | X Form filed by One |
|Reston VA 20193 | | |--- Reporting Person |
| | | | Form filed by More |
| | | |--- than Reporting Person|
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| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Beneficially Owned |
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|1.Title of Security (Instr. 4) |2.Amount of Securities |3.Ownership |4.Nature of Indirect Beneficial |
| | Beneficially Owned | Form: | Ownership (Instr. 5) |
| | (Instr. 4) | Direct (D) | |
| | | or Indirect | |
| | | (I)(Instr.5)| |
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Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 1473 (7-96)
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
PAGE: 1 OF 2
FORM 3 (continued) TABLE II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1.Title of |2.Date Exercisable and |3.Title and Amount of Underlying |4.Conversion or |5. |6.Nature of |
| Derivative | Expiration Date | Derivative Security (Instr. 4) | Exercise Price |Own. | Indirect |
| Security | (Month/Day/Year) | | of Derivative |Form | Beneficial |
| (Instr. 4) | | | Security |of | Ownership |
| | | | |Deri.| (Instr. 5) |
| | | | |Sec. | |
| | | | |Dir. | |
| | | | |(D) | |
| |-----------------------------|--------------------------------------| |or | |
| |Date |Expiration | |Amount or Number | |Ind. | |
| |Exercisable |Date | Title |of Shares | |(I) | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
|Stock Option (R | | 07/22/2009 |Common Stock | 10,500 | $46.5625 | D | |
|ight to buy) | (01) | | | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option (R | | 01/13/2010 |Common Stock | 20,000 | $43.0000 | D | |
|ight to buy) | (02) | | | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
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Explanation of Responses:
(01) The options become exercisible in increments of one-third; One-third became exercisible on the date of grant, one-third
upon the Company's common stock having closing price on the New York Stock Exchange of $57.15 and $71.43, respectively,
for five trading days, they also become exercisible on the eighth anniversary of their grant (July 22, 2007) subject t
o terms regarding the reporting person's continued service with the Company.
(02) These options become exercisible upon the Company's common stock having a closing price on the New York Stock
Exchange of $51.60, for five days, they also become exercisible on the fifth ann
iversary of the grant (January 13, 2005) subject to terms regarding the reporting
person's continued service with the Company.
**Intentional misstatements or omissions of facts constitute Federal /s/Mary F. Eure (POA) 05/25/2000
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------------------ ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. SEC 1473 (7-96)
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number.
Newman, Jane Bonnie SLM Holding Corporation 05/18/2000 PAGE: 2 OF 2
