SLM CORP

Ticker: SLM CUSIP: 78442P106 Class: Common Stock

Westchester Capital Management, LLC's Holding History (CIK: 0001512805)

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

Q3 2014
Shares 2,168,136 Value ($000) $18,559 Avg Close $8.77 Range $8.19 - $9.23
Q2 2014
Shares 4,223,700 Value ($000) $35,099 Avg Close $8.81 Range $8.20 - $9.51
Q1 2014
Shares 4,081,200 Value ($000) $99,907 Avg Close $8.73 Range $7.53 - $9.77
Q4 2013
Shares 2,572,900 Value ($000) $67,616 Avg Close $9.19 Range $8.55 - $9.58
Q3 2013
Shares 2,143,300 Value ($000) $53,368 Avg Close $8.73 Range $8.11 - $9.11
Q2 2013
Shares 1,788,300 Value ($000) $40,880 Avg Close $7.81 Range $6.90 - $9.35
Q1 2013
Shares 2,166,700 Value ($000) $44,374 Avg Close $6.60 Range $5.92 - $7.33
Q4 2012
Shares 251,200 Value ($000) $4,303 Avg Close — Range —