SEC Form 4 · accession 0000750556-15-000009
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aleem Gillani
Officer — Corp. Exex. Vice Pres and CFO
Period of report
Jan 22, 2015
Accepted (ET)
Jan 23, 2015 · 1:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750556
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 22, 2015 | S | 9,600 | $39.85 | D | 109,213 | D | |
| Common StockF4 | holding | — | — | — | 6,996 | I | 401(k) | |
| Common StockF2 | holding | — | — | — | 2,300 | I | Custodial Account | |
| Common StockF3 | holding | — | — | — | 3,500 | I | Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF5 | — | holding | — | — | — | — | — | Common Stock | 1,014 | 1,014 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2015 | — | Common Stock | 3,423 | 3,423 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 3,424 | 3,424 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 3,424 | 3,424 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 14, 2014 | Feb 14, 2022 | Common Stock | 5,805 | 5,805 | D |
| OptionF7 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 14,800 | 14,799 | D |
| OptionF7 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 11,464 | 11,464 | D |
| OptionF7 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 11,464 | 11,464 | D |
Explanation of responses
- F1Granted under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under SEC Rule 16b-3.
- F2Shares are held in a custodial account for the benefit of an adult familiy member over which account the reporting person has investment and voting control.
- F3Shares are held in a family trust over which the reporting person has voting and investment control.
- F4Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents vares based on the closing price of SunTrust stock on the applicable measurement date.
- F5Acquired under the SunTrust Banks, Inc. Deferred Compensation Plan. These convert to common stock on a one-for-one basis.
- F6Represents satisfaction of return on asset performance condition of performance-vested restricted stock units granted on 2/14/2012. Granted under the 2009 Stock Plan. Award will settle in shares in February, 2015.
- F7Granted pursuant to the SunTrust Banks, inc. 2009 Stock Plan. One third of the award vests each year for three years.
- F8Represents time-vested phantom stock granted on February 21, 2014 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. The restricted stock unit agreements contain tax withholding provisions which allow us to withhold units to satisfy tax withholding obligations. Units will be settled in shares.