SEC Form 4 · accession 0000750556-16-000217
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dorinda C Smith
Officer — Pres & CEO SunTrust Mortgage
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 5:35 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 10, 2016 | M | 858 | $32.84 | A | 956 | D | |
| Common Stock | Feb 10, 2016 | F | 330 | $32.84 | D | 626 | D | |
| Common StockF1 | holding | — | — | — | 98 | 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 StockF2 | — | Feb 10, 2016 | M | 858 | D | Feb 10, 2016 | — | Common Stock | 858 | 0 | D |
| Phantom StockF2 | — | Feb 9, 2016 | A | 1,221 | A | Feb 9, 2017 | — | Common Stock | 1,221 | 1,221 | D |
| Phantom StockF2 | — | Feb 9, 2016 | A | 1,221 | A | Feb 9, 2018 | — | Common Stock | 1,221 | 1,221 | D |
| Phantom StockF2 | — | Feb 9, 2016 | A | 1,222 | A | Feb 9, 2019 | — | Common Stock | 1,222 | 1,222 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2016 | — | Common Stock | 507 | 507 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2017 | — | Common Stock | 506 | 506 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2016 | — | Common Stock | 101 | 101 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2017 | — | Common Stock | 100 | 100 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2017 | — | Common Stock | 853 | 853 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 11, 2018 | — | Common Stock | 853 | 853 | 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.
- F2Represnents time-vested 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.