SEC Form 4 · accession 0000750556-15-000046
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome T Lienhard
Officer — Pres & CEO, SunTrust Mortgage
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 4:48 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 | Feb 13, 2015 | M | 3,743 | $41.57 | A | 33,037 | D | |
| Common Stock | Feb 13, 2015 | M | 10,472 | $41.57 | A | 43,509 | D | |
| Common Stock | Feb 13, 2015 | F | 1,069 | $41.57 | D | 42,440 | D | |
| Common Stock | Feb 13, 2015 | F | 3,467 | $41.57 | D | 38,973 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3 | — | Feb 13, 2015 | M | 3,743 | D | Feb 14, 2014 | Feb 14, 2022 | Common Stock | 3,743 | 0 | D |
| Phantom StockF2 | — | holding | — | — | — | — | — | Common Stock | 1,200 | 1,200 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2015 | — | Common Stock | 2,315 | 2,315 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 2,315 | 2,315 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 2,316 | 2,316 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2016 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2017 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 2,104 | 2,104 | D |
| OptionF4 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 22,000 | 22,000 | D |
| OptionF4 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 40,400 | 40,400 | D |
| OptionF5 | $27.50 | holding | — | — | — | Apr 26, 2014 | Apr 26, 2021 | Common Stock | 7,226 | 7,226 | D |
| OptionF5 | $32.27 | holding | — | — | — | Feb 8, 2014 | Feb 8, 2021 | Common Stock | 19,050 | 19,050 | D |
| OptionF5 | $23.68 | holding | — | — | — | Apr 24, 2015 | Apr 24, 2022 | Common Stock | 6,173 | 6,173 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 6,748 | 6,748 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 6,748 | 6,748 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Commons Stock | 6,747 | 6,747 | D |
| OptionF6 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 11,666 | 11,666 | D |
Explanation of responses
- F1- Includes the following shares which are subject to forteiture: 3,186 shares which vest on 4/25/2015.
- F2- The phantom stock units were acquired under the sunTrust Banks, Inc. Deferred Compensation Plan and convert to common stock on a one-to-one basis.
- F3Represents 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.
- F4- Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan
- F5- Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan
- F6- Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. One third of the award vest each year for three years.
- F7Represents 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.
- F8Represents 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.