SLM CORP

Ticker: SLM CUSIP: 78442P106 Class: Common Stock

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 35,200 Value ($000) $301 Avg Close $8.77 Range $8.19 - $9.23

Q2 2014

Shares 35,800 Value ($000) $297 Avg Close $8.81 Range $8.20 - $9.51

Q1 2014

Shares 23,500 Value ($000) $575 Avg Close $8.73 Range $7.53 - $9.77

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	35,200	$301	$8.77	$8.19 - $9.23
Q2 2014	35,800	$297	$8.81	$8.20 - $9.51
Q1 2014	23,500	$575	$8.73	$7.53 - $9.77