SEC Form 4 · accession 0000750556-18-000137
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Ratcliffe
Director
Period of report
Apr 27, 2018
Accepted (ET)
Apr 30, 2018 · 5:49 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 | — | — | — | 20,000 | I | Trust | |
| Common StockF1 | holding | — | — | — | 1,271 | I | LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF3 | — | Apr 27, 2018 | A | 443 | A | — | — | Common Stock | 443 | 24,113 | D |
| Phantom StockF2 | — | holding | — | — | — | — | — | Common Stock | 23,829 | 23,829 | D |
Explanation of responses
- F1Shares held by a limited liability company which the reporting person controls.
- F2Restricted stock units granted under the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan and the SunTrust Banks, Inc. 2009 Stock Plan. Payments commence following the reporting person's departure from the Board of Directors of SunTrust Banks, Inc. These securities convert to common stock on a one-for-one basis.
- F3The phantom stock units were accrued under the SunTrust Banks, Inc. Directors Deferred Compensation Plan and are to be settled upon the reporting person's retirement. Directors' fees are deferred into this plan and are accounted for as if invested in SunTrust common stock. The phantom stock units convert to common stock on a one-for-one basis.