SEC Form 4 · accession 0000750556-16-000238
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 12, 2016
Accepted (ET)
Feb 16, 2016 · 5:11 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 12, 2016 | M | 42,379 | $33.53 | A | 82,601 | D | |
| Common Stock | Feb 12, 2016 | F | 16,952 | $33.53 | D | 65,649 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF7 | — | Feb 12, 2016 | M | 42,379 | D | Feb 12, 2016 | — | Common Stock | 42,379 | 0 | D |
| Phantom StockF2 | — | holding | — | — | — | — | — | Common Stock | 1,226 | 1,226 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 2,315 | 2,315 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 2,316 | 2,316 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 10, 2017 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2017 | Feb 9, 2017 | Common Stock | 3,458 | 3,458 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 3,458 | 3,458 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 3,459 | 3,459 | D |
| OptionF3 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 22,000 | 22,000 | D |
| OptionF3 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 36,400 | 0 | D |
| OptionF4 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 6,748 | 6,748 | D |
| OptionF4 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Commons Stock | 6,747 | 6,747 | D |
Explanation of responses
- F1Represents time-vested restricted stock units granted on February 9, 2016 under the sunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy withholding obligations.
- 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.
- F3- Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan
- F4- Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. One third of the award vest each year for three years.
- F5Represents 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.
- F6Represents 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.
- F7Represents settlement of 2012 performance-vested award.