SEC Form 4 · accession 0000750556-17-000026
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aleem Gillani
Officer — Corp. Exex. Vice Pres and CFO
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 5:09 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 9, 2017 | M | 3,716 | $57.73 | A | 242,368 | D | |
| Common Stock | Feb 9, 2017 | F | 1,297 | $57.73 | D | 241,071 | D | |
| Common Stock | Feb 10, 2017 | M | 3,252 | $57.76 | A | 244,323 | D | |
| Common Stock | Feb 10, 2017 | F | 1,085 | $57.76 | D | 243,238 | D | |
| Common StockF1 | holding | — | — | — | 7,119 | I | 401(k) | |
| Common StockF2 | holding | — | — | — | 1,500 | I | Custodial Account | |
| Common Stock | holding | — | — | — | 950 | I | IRA | |
| Common Stock | holding | — | — | — | 400 | I | Roth IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF6,F5 | — | Feb 10, 2017 | M | 3,252 | D | Feb 10, 2017 | — | Common Stock | 3,252 | 0 | D |
| Phantom StockF6 | — | Feb 9, 2017 | M | 3,716 | D | Feb 9, 2017 | — | Common Stock | 3,716 | 0 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 1,060 | 1,060 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 3,424 | 3,424 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 3,111 | 3,111 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 9, 2018 | — | Common Stock | 3,631 | 3,631 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 9, 2019 | — | Common Stock | 3,632 | 3,632 | 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 vares based on the closing price of SunTrust stock on the applicable measurement date.
- F2Shares are held in a custodial account for the benefit of an adult familiy member over which account the reporting person has investment and voting control.
- F3Acquired under the SunTrust Banks, Inc. Deferred Compensation Plan. These convert to common stock on a one-for-one basis.
- 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 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.