SEC Form 4 · accession 0000750556-18-000073
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jorge Arrieta
Officer — CEVP & General Auditor
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 12:47 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 21, 2018 | M | 1,166 | $71.45 | A | 8,974 | D | |
| Common Stock | Feb 21, 2018 | F | 327 | $71.45 | D | 8,648 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4 | — | Feb 21, 2018 | M | 1,166 | D | Feb 21, 2017 | Feb 21, 2018 | Common Stock | 1,166 | 0 | D |
| Phantom StockF1,F2 | — | holding | — | — | — | — | — | Common Stock | 898 | 898 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 14, 2020 | Sep 21, 2020 | Common Stock | 432 | 432 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 14, 2019 | Feb 14, 2019 | Common Stock | 432 | 432 | D |
| Phantom StockF2 | — | holding | — | — | — | Dec 31, 2019 | Dec 31, 2019 | Common Stock | 5,532 | 5,532 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 794 | 794 | D |
| Phantom StockF3 | — | holding | — | — | — | Feb 13, 2019 | — | Common Stock | 412 | 412 | D |
| Phantom StockF3 | — | holding | — | — | — | Feb 13, 2020 | — | Common Stock | 412 | 412 | D |
| Phantom StockF3 | — | holding | — | — | — | Feb 13, 2021 | — | Common Stock | 412 | 412 | D |
Explanation of responses
- F1The phantom stock units were acquired uder SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
- F2Represents time-vested restricted stock uits under the 2009 Stock Plan. The Plan is exempt under Rule 16b-3. The restricted stock unit award areements contain tax withholding features which allow us to withhold units to satisfy withholding obligations. Units will be settled in shares.
- F3Represents time-vested restricted stock units granted on February 13, 2018 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.
- F4Represents 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.