SEC Form 4 · accession 0000750556-18-000148
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome T Lienhard
Officer — CEVP and Chief Risk Officer
Period of report
May 14, 2018
Accepted (ET)
May 15, 2018 · 5:30 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 StockF1 | May 14, 2018 | S | 8,750 | $69.06 | D | 41,374 | D |
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 | — | — | — | — | — | Common Stock | 1,290 | 1,290 | D |
| Phantom StockF2 | — | holding | — | — | — | Feb 9, 2019 | Feb 9, 2019 | Common Stock | 3,459 | 3,459 | D |
| Phantom StockF4 | — | holding | — | — | — | Feb 14, 2018 | Feb 14, 2020 | Common Stock | 5,774 | 3,805 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 13, 2019 | — | Common Stock | 1,877 | 1,877 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 13, 2020 | — | Common Stock | 1,877 | 1,877 | D |
| Phantom StockF5 | — | holding | — | — | — | Feb 13, 2021 | — | Common Stock | 1,877 | 1,877 | D |
Explanation of responses
- F1Represents weighted average price; the shares were sold as part of a series of transactions on the same day at prices ranging from $69.00 to $69.14 per share.
- F2Represents 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-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy withholding obligations.
- F3The phantom stock units were acquired under the SunTrust Banks, Inc. Deferred Compensation Plan and convert to common stock on a one-to-one basis.
- F4Represents 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 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.
- F5Represents 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.