SEC Form 4 · accession 0000750556-16-000257
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth J Carrig
Officer — CEVP & Chief HR Officer · Director
Period of report
Feb 26, 2016
Accepted (ET)
Feb 29, 2016 · 3:09 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 26, 2016 | M | 12,544 | $34.54 | A | 79,424 | D | |
| Common Stock | Feb 26, 2016 | M | 15,000 | $34.54 | A | 94,424 | D | |
| Common Stock | Feb 26, 2016 | F | 6,015 | $34.54 | D | 88,409 | D | |
| Common Stock | Feb 26, 2016 | F | 7,193 | $34.54 | D | 81,216 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF6 | $34.54 | Feb 26, 2016 | M | 12,544 | A | — | — | Common Stock | 12,544 | 0 | D |
| OptionF6 | $34.54 | Feb 26, 2016 | M | 15,000 | A | — | — | Common Stock | 15,000 | 0 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 21, 2015 | — | Common Stock | 2,316 | 2,316 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 10, 2017 | — | Commons Stock | 2,104 | 2,104 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2017 | Feb 9, 2017 | Common Stock | 2,339 | 2,339 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 2,339 | 2,339 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 2,339 | 2,339 | D |
| OptionF2 | $25.95 | holding | — | — | — | Jun 14, 2014 | Jun 14, 2021 | Common Stock | 35,500 | 35,500 | D |
| OptionF3 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 30,000 | 30,000 | D |
| OptionF3 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 7,753 | 7,753 | D |
| OptionF3 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 7,753 | 7,753 | D |
| OptionF3 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 7,754 | 7,754 | 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-03. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy withholding obligations.
- F2Granted under the SunTrust Banks, Inc. 2009 Stock Plan.
- F3Granted pursuant to the 2009 SunTrust Banks, Inc. Stock Plan. One third of the award vests each year for three years.
- F4Represents 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.
- F5Represents 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.
- F6Represents settlement in stock of performance-vested award granted in 2013.