SEC Form 4 · accession 0000750556-17-000032
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Freeman
Officer — Corp. EVP & Consumer Executive
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 5:13 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 | 3,539 | $57.73 | A | 222,004 | D | |
| Common Stock | Feb 9, 2017 | F | 1,098 | $57.73 | D | 220,906 | D | |
| Common Stock | Feb 10, 2017 | M | 3,252 | $57.76 | A | 224,158 | D | |
| Common Stock | Feb 10, 2017 | F | 1,009 | $57.76 | D | 223,149 | D | |
| Common StockF2 | holding | — | — | — | 652 | 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 Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 1,554 | 1,554 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 21, 2017 | — | Common Stock | 3,762 | 3,762 | 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 |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2018 | Feb 9, 2018 | Common Stock | 22,617 | 22,617 | D |
| Phantom StockF1 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 22,618 | 22,618 | D |
| OptionF4 | $71.03 | holding | — | — | — | Feb 14, 2009 | Feb 14, 2016 | Common Stock | 18,000 | 18,000 | D |
| OptionF4 | $85.06 | holding | — | — | — | Feb 13, 2010 | Feb 13, 2017 | Common Stock | 20,000 | 20,000 | D |
| OptionF4 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 81,400 | 81,400 | 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 of share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
- F3The 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.
- F4Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan. Includes shares acquired upon dividend reinvestment.
- F5Represents 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.
- 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.