SEC Form 4 · accession 0000750556-16-000372
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Chancy
Officer — Corp. EVP-Wholesale Bank Exec
Period of report
Nov 17, 2016
Accepted (ET)
Nov 18, 2016 · 1:22 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 17, 2016 | M | 37,500 | $29.54 | A | 179,911 | D | |
| Common StockF1 | Nov 17, 2016 | S$0 | 33,396 | — | D | 146,515 | D | |
| Common StockF2 | holding | — | — | — | 1,320 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF4 | $29.54 | Nov 17, 2016 | M | 37,500 | D | Dec 31, 2011 | Dec 31, 2018 | Common Stock | 37,500 | 0 | D |
| Phantom StockF8 | — | holding | — | — | — | — | — | Common Stock | 2,402 | 2,402 | D |
| Phantom StockF3 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 5,374 | 5,374 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 10, 2017 | — | Common Stock | 4,395 | 4,395 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 4,394 | 4,394 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 9, 2017 | Feb 9, 2017 | Common Stock | 4,885 | 4,885 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 4,885 | 4,885 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 4,886 | 4,886 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 45,235 | 45,235 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 9, 2020 | Feb 9, 2020 | Common Stock | 45,235 | 45,235 | D |
| OptionF4 | $85.06 | holding | — | — | — | Feb 13, 2010 | Feb 13, 2017 | Common Stock | 42,000 | 42,000 | D |
| OptionF4 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 115,000 | 115,000 | D |
| OptionF4 | $9.06 | holding | — | — | — | Feb 10, 2012 | Feb 10, 2019 | Common Stock | 75,000 | 75,000 | D |
| OptionF5 | $29.20 | holding | — | — | — | Apr 1, 2012 | Apr 1, 2021 | Common Stock | 27,716 | 27,716 | D |
| OptionF5 | $21.67 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 55,400 | 55,400 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 14,949 | 14,949 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 14,949 | 14,949 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 14,948 | 14,948 | D |
Explanation of responses
- F1Sold at prices ranging from $51.08 to $51.225.
- F2Because 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.
- F3Represents 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.
- F4Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- F5Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over the next three years.
- 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 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.
- F8The phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.