SEC Form 4 · accession 0000750556-18-000131
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank P Scruggs Jr.
Director
Period of report
Apr 24, 2018
Accepted (ET)
Apr 26, 2018 · 5:23 pm EDT
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 | holding | — | — | — | 7,501 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Apr 24, 2018 | A | 1,851 | A | — | — | Phantom Stock | 1,851 | 10,166 | D |
| Phantom StockF3 | — | holding | — | — | — | — | — | Phantom Stock | 1,781 | 1,781 | D |
Explanation of responses
- F1Restricted stock units granted under the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Payments commence following the reporting person's departure from the Board of Directors of the SunTrust Banks, Inc. These securities convert to common stock on a one-for-one basis.
- F2Includes shares acquired as a result of dividend reinvestment since last reported transaction.
- F3The phantom stock units were accrued under the SunTrust Banks, Inc. Director's Deferred Compensation Plan and are to be settled following the reporting person's retirement. Director's fees are deferred into this plan and are accounted for as if invested in SunTrust common stock. These phantom stock units convert to common stock on a one-for-one basis.