SEC Form 4 · accession 0000750556-16-000294
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phail Wynn Jr.
Director
Period of report
Apr 26, 2016
Accepted (ET)
Apr 27, 2016 · 11:50 am EDT
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 | holding | — | — | — | 17,611 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | Apr 26, 2016 | A | 2,828 | A | — | — | Common Stock | 2,828 | 23,563 | D |
| Phantom Stock UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 2,903 | 2,903 | D |
Explanation of responses
- F1The phantom stock units were accrued under the SunTrust Banks, Inc. Directors Deferred Compensation Plan and are to be settled upon the reporting person's retirement. Directors' fees are deferred into this plan and are accounted for as if invested in SunTrust common stock. These phantom stock units convert to common stock on a one-for-one basis. Amount reported reflects reinvested dividends accrued since last report. The plan is exempt under Rule 16b-3.
- F2Restricted stock units granted under the SunTrust Banks, Inc. 2004 Stock Plan and the 2009 Stock Plan. Payments commence following the reporting person's departure from the Board of Directors. These securities convert to common stock on a one-for-one basis. Amount reported reflects reinvested dividends accrued since last report. The plan is exempt under Rule 16b-3.