4 2004-12-17 1 0001032033 SLM 0001065138 8obutun$ 12061 Bluemont Way Reston VA 20190 0 1 0 0 CEO Phantom Stock Units 2004-12-17 4 A 0 782.88 53.3200 A 220484.5600 D Restricted Stock Units 2004-12-17 4 A 0 1105.02 53.3200 A 311207.6000 D Includes units acquired under the Officer & Director Compensation Plans. Units are settled in the Company's common stock. These Restricted Stock Units vest December 31, 2004 and are converted in to common stock on January 1st of the year following Mr. Lord's retirement or termination of employment. Units are settled in the Company's common stock. By: Mary F. Eure (POA) 2004-12-20