SEC Form 4 · accession 0000750556-17-000172
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond D Fortin
Officer — Corp. EVP & General Counsel
Period of report
Nov 7, 2017
Accepted (ET)
Nov 8, 2017 · 2:41 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 StockF1 | Nov 7, 2017 | S$0 | 13,000 | — | D | 532 | D | |
| Common StockF2 | holding | — | — | — | 1,044 | 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 StockF3 | — | holding | — | — | — | Feb 10, 2018 | — | Common Stock | 2,104 | 2,104 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 9, 2018 | — | Common Stock | 2,339 | 2,339 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 9, 2019 | — | Common Stock | 2,339 | 2,339 | D |
| OptionF5 | $64.58 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2018 | Common Stock | 33,500 | 33,500 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 14, 2020 | Feb 14, 2020 | Common Stock | 3,905 | 3,905 | D |
| Common StockF7 | — | holding | — | — | — | Feb 21, 2017 | Feb 21, 2018 | Common Stock | 3,449 | 3,449 | D |
Explanation of responses
- F1Sold at prices ranging from $59.991 to $60.041.
- 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 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.
- F4Represents time-vested restricted stock units granted on February 9, 2016 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.
- F5Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- F6Represents time-vested restricted stock unit award granted on February 14, 2017 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Award will vest on February 14, 2020 and will be settled in Shares of common stock. The Restricted Unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligations by netting shares.
- F7Represents performance stock which was granted on February 21, 2014 and which vested on February 21, 2017. Award is settled in common stock. Because exceptional performance resulted in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one year deferral.