SEC Form 4 · accession 0000750556-19-000047
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh S. Cummins III
Officer — Co-COO/Wholesale Segment Exec
Period of report
Feb 9, 2019
Accepted (ET)
Feb 12, 2019 · 6:25 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 | holding | — | — | — | 70,864 | D | ||
| Common StockF1 | holding | — | — | — | 2,859 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF5 | — | Feb 9, 2019 | A | 37,221 | A | Feb 9, 2019 | — | Common Stock | 37,221 | 37,221 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 1,131 | 1,131 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 14, 2020 | Feb 14, 2020 | Common Stock | 1,972 | 1,972 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 14, 2019 | Feb 14, 2019 | Common Stock | 1,972 | 1,972 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 9, 2020 | Feb 9, 2020 | Common Stock | 46,489 | 46,489 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 13, 2019 | — | Common Stock | 4,049 | 4,049 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 13, 2020 | — | Common Stock | 4,049 | 4,049 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 13, 2021 | — | Common Stock | 4,049 | 4,049 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2020 | — | Common Stock | 5,039 | 5,039 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2021 | — | Common Stock | 5,039 | 5,039 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2022 | — | Common Stock | 5,039 | 5,039 | 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.
- F2Represents time-vested restricted stock units under the SunTrust Banks, Inc. 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 satisfy withholding obligations. Units will be settled in shares.
- F3The phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
- F4Represents time-vested restricted stock units under the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation 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 satisfy withholding obligations. Units will be settled in shares.
- F5Represents performance-vested restricted stock units granted on February 9, 2016 under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the saisfaction of EPS/ROTCE/TSR performance conditions. Performance resulted in the award vesting at 140% of target; because 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 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 satisfy withholding obligations. Units will be settled in shares.