4 2008-05-08 0 0001032033 SLM 0001065138 8obutun$ 12061 Bluemont Way Reston VA 20190 1 1 0 0 Chairman & CEO Common Stock 2008-05-08 4 A 0 100000 0 A 144587.0000 D Phantom Stock Units 229684.3040 D Common Stock 2100.0000 I By Immediate Family Stock Option (Right to Buy) 22.2800 2008-05-08 4 A 0 530000 0 A 2018-05-08 Common Stock 530000.0000 530000.0000 D These shares of Restricted Stock vest upon the later of the achievement of specific performance targets and a specified date. Fifty percent of these options become exercisable upon the Company's common stock having a closing price on the New York Stock Exchange of $26.74, for five trading days, but no sooner than May 8, 2009; 50 percent of these options become exercisable upon the Company's common stock having a closing price on the New York Stock Exchange of $31.19, for five trading days, but no sooner than May 8, 2010; they also become exercisable on the eight anniversary of the grant (May 8, 2016). By: Mary F. Eure (POA) 2008-05-12