SEC Form 4 · accession 0000750556-15-000012
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond D Fortin
Officer — Corp. EVP & General Counsel
Period of report
Feb 6, 2015
Accepted (ET)
Feb 9, 2015 · 1:14 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 Stock | Feb 6, 2015 | M | 82,410 | $9.06 | A | 111,688 | D | |
| Common StockF1 | Feb 6, 2015 | S$0 | 77,049 | — | D | 34,639 | D | |
| Common StockF2 | holding | — | — | — | 3,146 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF5 | $9.06 | Feb 6, 2015 | M | 82,410 | D | Feb 10, 2012 | Feb 8, 2019 | Common Stock | 82,410 | 100,863 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 1,469 | 1,469 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 14, 2014 | Feb 14, 2022 | Common Stock | 3,040 | 3,040 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2015 | — | Common Stock | 2,315 | 2,315 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 2,315 | 2,315 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 2,316 | 2,316 | D |
| OptionF5 | $71.03 | holding | — | — | — | Feb 14, 2009 | Feb 14, 2016 | Common Stock | 20,000 | 20,000 | D |
| OptionF5 | $85.06 | holding | — | — | — | Feb 13, 2010 | Feb 13, 2017 | Common Stock | 18,000 | 18,000 | D |
| OptionF5 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 33,500 | 33,500 | D |
| OptionF6 | $32.27 | holding | — | — | — | Feb 8, 2014 | Feb 8, 2021 | Common Stock | 66,300 | 66,300 | D |
| OptionF7 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 30,000 | 30,000 | D |
| OptionF7 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 7,753 | 7,753 | D |
| OptionF7 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 7,753 | 7,753 | D |
| OptionF7 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 7,754 | 7,754 | D |
Explanation of responses
- F1Sold at prices ranging from $41.61 to $41.715.
- F2Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
- F3The phantom stock units were acquired under the SunTrust Banks, Inc. Deferred Compensation Plan and convert to common stock on a one-to-one basis.
- F4Represents 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.
- F5Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- F6Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan.
- 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.