SEC Form 4 · accession 0000750556-15-000177
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Chancy
Officer — Corp. EVP-Wholesale Bank Exec
Period of report
Dec 7, 2015
Accepted (ET)
Dec 7, 2015 · 4:10 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,F2 | Dec 7, 2015 | G | 230 | — | D | 86,774 | D | |
| Common StockF3 | holding | — | — | — | 1,314 | 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 StockF4 | — | holding | — | — | — | — | — | Common Stock | 2,346 | 2,346 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 5,373 | 5,373 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 5,374 | 5,374 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2016 | — | Common Stock | 4,395 | 4,395 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2017 | — | Common Stock | 4,395 | 4,395 | D |
| Phantom StockF8 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 4,394 | 4,394 | D |
| OptionF5 | $71.03 | holding | — | — | — | Feb 14, 2009 | Feb 14, 2016 | Common Stock | 45,000 | 45,000 | D |
| OptionF5 | $85.06 | holding | — | — | — | Feb 13, 2010 | Feb 13, 2017 | Common Stock | 42,000 | 42,000 | D |
| OptionF5 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 115,000 | 115,000 | D |
| OptionF5 | $29.54 | holding | — | — | — | Dec 31, 2011 | Dec 31, 2018 | Common Stock | 75,000 | 75,000 | D |
| OptionF5 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 125,000 | 125,000 | D |
| OptionF6 | $29.20 | holding | — | — | — | Apr 1, 2012 | Apr 1, 2021 | Common Stock | 27,716 | 27,716 | D |
| OptionF6 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 55,400 | 55,400 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 14,949 | 14,949 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 14,949 | 14,949 | D |
| OptionF6 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 14,948 | 14,948 | D |
Explanation of responses
- F1This transaction was a gift.
- 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.
- F3Because 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.
- F4The 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.
- F5Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- F6Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over the next 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.