SEC Form 4 · accession 0000750556-15-000020
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Freeman
Officer — Corp. EVP & Chief Credit Off.
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 3:21 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 StockF4,F2 | holding | — | — | — | 41,615 | D | ||
| Common StockF4 | holding | — | — | — | 128 | I | Son | |
| Common StockF1 | holding | — | — | — | 641 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF10 | — | Feb 10, 2015 | A | 3,111 | A | Feb 10, 2016 | — | Common Stock | 3,111 | 3,111 | D |
| Phantom StockF10 | — | Feb 10, 2015 | A | 3,111 | A | Feb 10, 2017 | — | Common Stock | 3,111 | 3,111 | D |
| Phantom StockF10 | — | Feb 10, 2015 | A | 3,111 | A | Feb 10, 2018 | — | Common Stock | 3,111 | 3,111 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 1,486 | 1,486 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 14, 2014 | Feb 14, 2022 | Common Stock | 2,944 | 5,765 | D |
| Phantom StockF9 | — | holding | — | — | — | Feb 21, 2015 | — | Common Stock | 3,761 | 3,761 | D |
| Phantom StockF9 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 3,761 | 3,761 | D |
| Phantom StockF9 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 3,762 | 3,762 | D |
| OptionF6 | $71.03 | holding | — | — | — | Feb 14, 2009 | Feb 14, 2016 | Common Stock | 18,000 | 18,000 | D |
| OptionF6 | $85.06 | holding | — | — | — | Feb 13, 2010 | Feb 13, 2017 | Common Stock | 20,000 | 20,000 | D |
| OptionF6 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 81,400 | 81,400 | D |
| OptionF6 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 250,000 | 250,000 | D |
| OptionF7 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 25,276 | 25,276 | D |
| OptionF8 | $29.20 | holding | — | — | — | Apr 1, 2012 | Apr 1, 2021 | Common Stock | 27,349 | 27,349 | D |
| OptionF8 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 44,400 | 44,400 | D |
| OptionF8 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 13,495 | 13,495 | D |
| OptionF8 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 13,495 | 13,495 | D |
| OptionF8 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 13,496 | 13,496 | D |
Explanation of responses
- F1Because 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.
- F10Represents time-vested restricted stock units granted on February 10, 2015 under the 2009 Stock Plan. the Plan is exempt under Rule 16b-3. The restricted stock unit award agreements contain tax withholding features which allow us to withhold units to satisfly withholding obligations. Units will be settled in shares.
- F2Includes restricted stock granted under SunTrust Banks, Inc. 2004 Stock Plan and the 2009 Stock Plan. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3.
- F3The phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
- F4Includes shares acquired through dividend reinvestment.
- F5Represents 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.
- F6Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan. Includes shares acquired upon dividend reinvestment.
- F7Granted pursuant to the SunTrust Banks, Inc. 2004 StockPlan.
- F8Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over the next three years.
- F9Represents 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.