SEC Form 4 · accession 0000750556-16-000371
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Panther
Officer — SVP, Controller, CAO
Period of report
Nov 16, 2016
Accepted (ET)
Nov 17, 2016 · 2:34 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 | Nov 16, 2016 | S | 1,200 | $51.69 | D | 19,122 | D | |
| Common StockF1 | holding | — | — | — | 1,122 | 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 | — | holding | — | — | — | — | — | Common Stock | 1,036 | 1,036 | D |
| Phantom StockF3 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 942 | 942 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 10, 2017 | — | Common Stock | 793 | 793 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 794 | 794 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 9, 2017 | Feb 9, 2017 | Common Stock | 904 | 904 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 905 | 905 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 905 | 905 | 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.
- F2Phantom stock units acquired under the SunTrust Bank, Inc. Deferred Compensation Plan. These phantom stock units convert to common stock on a one-for-one basis.
- F3Represents time-vested restricted stock units 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.
- F4Represents 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.
- F5Represents 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.