SEC Form 4 · accession 0001225208-16-028237

TRUIST FINANCIAL CORP · TFC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Steven B Wiggs

Officer — Sr. Exec. V.P.

Period of report

Feb 23, 2016

Accepted (ET)

Feb 25, 2016 · 3:17 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000092230

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Feb 23, 2016	A	5,589	$0.00	A	32,485	D
Common Stock^F3	Feb 23, 2016	A	5,270	$0.00	A	37,755	D
Common Stock^F4	Feb 23, 2016	A	1,309	$0.00	A	39,064	D
Common Stock^F5	holding	—	—		—	8,361	I	By 401(k)

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F6	$37.55	Feb 23, 2016	A	6,326	A	Feb 25, 2015	Feb 25, 2024	Common Stock	6,326	12,650	D
Stock Option (right to buy)^F7	$38.22	Feb 23, 2016	A	10,899	A	Mar 15, 2016	Feb 24, 2025	Common Stock	10,899	10,899	D
Stock Option (right to buy)^F8	$44.15	holding	—	—	—	Feb 20, 2008	Feb 20, 2017	Common Stock	41,077	41,077	D
Stock Option (right to buy)^F9	$30.09	holding	—	—	—	Feb 21, 2013	Feb 21, 2022	Common Stock	11,190	11,190	D
Stock Option (right to buy)^F10	$34.29	holding	—	—	—	Feb 26, 2009	Feb 26, 2018	Common Stock	54,138	54,138	D
Stock Option (right to buy)^F11	$30.08	holding	—	—	—	Feb 26, 2014	Feb 26, 2023	Common Stock	26,952	26,952	D

Explanation of responses

F1On February 24, 2015, the reporting person was granted 16,768 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of 5,589 restricted stock units.
F10The option is exercisable in five equal annual installments beginning on 2/26/2009.
F11The option is exercisable in three equal annual installments beginning on 02/26/2014.
F2Includes 56.049 shares acquired in December 2015, under the Issuer's Dividend Reinvestment Plan.
F3On February 25, 2014, the reporting person was granted an option to purchase 15,808 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of the option as to 5,270 shares.
F4Performance Based Restricted Stock Units granted February 26, 2013 on which the performance criteria has been met. The shares will vest on February 26, 2016.
F5Includes 50.151 shares acquired between October 1, 2015 and December 31, 2015, under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated October 1, 2015 through December 31, 2015.
F6On February 25, 2014, the reporting person was granted an option to purchase 18,976 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of the option as to 6,326 shares.
F7On February 24, 2015, the reporting person was granted an option to purchase 32,698 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of the option as to 10,899 shares.
F8The option is exercisable in five equal annual installments beginning on 2/20/2008.
F9The option is exercisable in four equal annual installments beginning on 02/21/2013.