SEC Form 4 · accession 0000750556-17-000031
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anil T Cheriyan
Officer — Corp Ex Vice Pres & CIO
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 5:12 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 Stoc | Feb 9, 2017 | M | 3,584 | $57.73 | A | 84,787 | D | |
| Common Stock | Feb 9, 2017 | F | 1,245 | $57.73 | D | 83,542 | D | |
| Common Stock | Feb 10, 2017 | M | 3,252 | $57.76 | A | 86,795 | D | |
| Common Stock | Feb 10, 2017 | F | 1,085 | $57.76 | D | 85,710 | D | |
| Common StockF2 | holding | — | — | — | 124 | 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 StockF6 | — | Feb 10, 2017 | M | 3,252 | D | Feb 10, 2017 | — | Common Stock | 3,252 | 0 | D |
| Phantom StockF1 | — | Feb 9, 2017 | M | 3,539 | D | Feb 9, 2017 | Feb 9, 2017 | Common Stock | 3,539 | 0 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 21, 2016 | — | Common Stock | 3,424 | 3,424 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 3,111 | 3,111 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 3,458 | 3,458 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 3,459 | 3,459 | D |
| OptionF5 | $23.68 | holding | — | — | — | Apr 24, 2014 | Apr 24, 2022 | Common Stock | 24,692 | 24,692 | D |
| OptionF5,F3 | $23.68 | holding | — | — | — | — | Apr 24, 2022 | Common Stock | 49,383 | 49,383 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 11,464 | 11,464 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2015 | Feb 26, 2023 | Common Stock | 11,464 | 11,464 | D |
| OptionF5 | $27.41 | holding | — | — | — | Feb 26, 2016 | Feb 26, 2023 | Common Stock | 11,465 | 11,465 | 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.
- F2Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number os share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
- F3Award vests pro rata annually over 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.
- F5Granted under the SunTrust Banks, inc. 2009 Stock Plan. One third of the award vests each year for 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.