SLM CORP

Ticker: SLM CUSIP: 78442P106 Class: Common Stock

Smead Capital Management, Inc.'s Holding History (CIK: 0001427008)

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

Q1 2015

Shares 1,704,266 Value ($000) $15,816 Avg Close $9.40 Range $8.50 - $10.34

Q4 2014

Shares 842,924 Value ($000) $8,590 Avg Close $9.56 Range $8.34 - $10.47

Q3 2014

Shares 744,695 Value ($000) $6,375 Avg Close $8.77 Range $8.19 - $9.23

Q2 2014

Shares 746,193 Value ($000) $6,201 Avg Close $8.81 Range $8.20 - $9.51

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	1,704,266	$15,816	$9.40	$8.50 - $10.34
Q4 2014	842,924	$8,590	$9.56	$8.34 - $10.47
Q3 2014	744,695	$6,375	$8.77	$8.19 - $9.23
Q2 2014	746,193	$6,201	$8.81	$8.20 - $9.51