SEC Form 4 · accession 0000750556-18-000033
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aleem Gillani
Officer — Corp. Exec. Vice Pres and CFO
Period of report
Feb 9, 2018
Accepted (ET)
Feb 13, 2018 · 4:55 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, 2018 | M | 3,325 | $67.48 | A | 258,941 | D | |
| Common Stock | Feb 9, 2018 | F | 1,031 | $67.48 | D | 257,910 | D | |
| Common Stock | Feb 9, 2018 | M | 3,800 | $67.48 | A | 201,709 | D | |
| Common Stock | Feb 9, 2018 | F | 1,178 | $67.48 | D | 260,531 | D | |
| Common StockF1 | holding | — | — | — | 7,102 | 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 StockF5,F4 | — | Feb 9, 2018 | M | 3,325 | D | Feb 10, 2018 | — | Common Stock | 3,325 | 0 | D |
| Phantom StockF5,F7 | — | Feb 9, 2018 | M | 3,800 | D | Feb 9, 2018 | — | Common Stock | 3,800 | 0 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Common Stock | 1,084 | 1,084 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 9, 2019 | — | Common Stock | 3,632 | 3,632 | D |
| Phantom StockF6 | — | holding | — | — | — | Feb 14, 2020 | Feb 14, 2020 | Common Stock | 5,774 | 5,774 | D |
| Phantom StockF7 | — | holding | — | — | — | Feb 21, 2017 | Feb 21, 2018 | Common Stock | 5,099 | 5,099 | 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 varies 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 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.
- F5Represents 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.
- F6Represents restricted stock unit award granted on February 21, 2014 under the SunTrust Banks, Inc. 2009 Stock Plan. the plan is exempt under rule 16b-03. Transactionsrepresents the satisfaction of EPS/TSR/ROTCE performance conditions. The Restricted Stock Unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligations by netting shares. Award will vest on February 21, 2017 and will be settled in shares.
- F7Represents restricted stock unit award granted on February 21, 2014 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Transaction represents the satisfaction of EPS/TSR/ROTCE performance conditions. The Restricted Stock Unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligations by netting shares. Award will vest on February 21, 2017 and will be settled in shares of common stock.