4/A 2008-05-08 2008-05-12 0 0001032033 SLM 0001428194 ew2#zfcs 12061 Bluemont Way Reston VA 20190 1 0 0 0 Common Stock 2008-05-08 4 A 0 2400 0 A 28900.0000 D Phantom Stock Units 2008-05-08 4 A 0 3141.8312 0 A 3141.8312 D Stock Option (Right to Buy) 22.2800 2008-05-08 4 A 0 6600 0 A 2018-05-08 Common Stock 6600.0000 6600.0000 D Vest two years from the grant date. Phantom Stock Units are to be settled in the Company's common stock upon the reporting person's separation from service. Exercisable upon the Company's common stock having a closing price on the New York Stock Exchange of $26.74 for five trading days or on the fifth anniversary of the grant (May 8, 2013), whichever is earlier. By: Mary F. Eure (POA) 2008-05-13