Filing Details
- Accession Number:
- 0000750556-17-000056
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-23 15:23:09
- Reporting Period:
- 2017-02-21
- Filing Date:
- 2017-02-23
- Accepted Time:
- 2017-02-23 15:23:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 750556 | Suntrust Banks Inc | STI | National Commercial Banks (6021) | 581575035 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1300651 | A Mark Chancy | 303 Peachtree Street, N.e. Atlanta GA 30308 | Corp. Evp-Wholesale Bank Exec | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-02-21 | 52,034 | $59.79 | 170,027 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-02-21 | 5,717 | $59.79 | 175,745 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-02-21 | 24,951 | $59.79 | 150,794 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2017-02-21 | 2,742 | $59.79 | 148,052 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2017-02-22 | 15,000 | $0.00 | 133,052 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Phantom Stock | Disposition | 2017-02-21 | 5,717 | $0.00 | 5,717 | $0.00 |
| Common Stock | Phantom Stock | Acquisiton | 2017-02-21 | 60,037 | $0.00 | 60,037 | $0.00 |
| Common Stock | Common Stock | Disposition | 2017-02-21 | 52,034 | $0.00 | 52,034 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2017-02-21 | No | 4 | M | Direct | |
| 60,037 | 2017-02-21 | 2018-02-21 | No | 4 | A | Direct |
| 8,003 | 2017-02-21 | 2018-02-21 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 1,317 | Indirect | 401(k) |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Phantom Stock | $0.00 | 2,414 | 2,414 | Direct | ||
| Common Stock | Phantom Stock | $0.00 | 2018-02-10 | 4,394 | 4,394 | Direct | |
| Common Stock | Phantom Stock | $0.00 | 2018-02-09 | 2018-02-09 | 4,885 | 4,885 | Direct |
| Common Stock | Phantom Stock | $0.00 | 2019-02-09 | 2019-02-09 | 4,886 | 4,886 | Direct |
| Common Stock | Phantom Stock | $0.00 | 2019-02-09 | 2019-02-09 | 45,235 | 45,235 | Direct |
| Common Stock | Phantom Stock | $0.00 | 2020-02-09 | 2020-02-09 | 45,235 | 45,235 | Direct |
| Common Stock | Option | $64.58 | 2011-02-12 | 2018-02-12 | 115,000 | 115,000 | Direct |
| Common Stock | Option | $9.06 | 2012-02-10 | 2019-02-10 | 75,000 | 75,000 | Direct |
| Common Stock | Option | $29.20 | 2012-04-01 | 2021-04-01 | 27,716 | 27,716 | Direct |
| Common Stock | Option | $21.67 | 2022-02-14 | 55,400 | 55,400 | Direct | |
| Common Stock | Option | $27.41 | 2014-02-26 | 2023-02-26 | 14,949 | 14,949 | Direct |
| Common Stock | Option | $27.41 | 2015-02-26 | 2023-02-26 | 14,949 | 14,949 | Direct |
| Common Stock | Option | $27.41 | 2016-02-26 | 2023-02-26 | 14,948 | 14,948 | Direct |
| Common Stock | Phantom Stock | $0.00 | 2017-02-21 | 2017-02-21 | 20,012 | 20,012 | Direct |
| Common Stock | Phantom Stock | $0.00 | 2020-02-14 | 2020-02-24 | 8,156 | 8,156 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2,414 | 2,414 | Direct | |
| 4,394 | 4,394 | Direct | |
| 2018-02-09 | 4,885 | 4,885 | Direct |
| 2019-02-09 | 4,886 | 4,886 | Direct |
| 2019-02-09 | 45,235 | 45,235 | Direct |
| 2020-02-09 | 45,235 | 45,235 | Direct |
| 2018-02-12 | 115,000 | 115,000 | Direct |
| 2019-02-10 | 75,000 | 75,000 | Direct |
| 2021-04-01 | 27,716 | 27,716 | Direct |
| 2022-02-14 | 55,400 | 55,400 | Direct |
| 2023-02-26 | 14,949 | 14,949 | Direct |
| 2023-02-26 | 14,949 | 14,949 | Direct |
| 2023-02-26 | 14,948 | 14,948 | Direct |
| 2017-02-21 | 20,012 | 20,012 | Direct |
| 2020-02-24 | 8,156 | 8,156 | Direct |
Footnotes
- Sold at prices ranging from $59.77 to $59.845.
- Because 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.
- Represents time-vested phantom stock granted on February 21, 2014 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. The restricted stock unit agreements contain tax withholding provisions which allow us to withhold units to satisfy tax withholding obligations. Units will be settled in shares.
- Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over the next three years.
- Represents restricted stock unit award granted on February 21, 2014 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Transaction represents the satisfaction of EPS/TSR/ROTCE performance conditions. The Restricted Stock Unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligations by netting shares. Award will vest on February 21, 2017 and will be settled in shares of common stock.
- Represents 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 vest on February 14, 2020 and 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.
- Represents time-vested restricted stock units granted on February 10, 2015 under the 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 satisfly withholding obligations. Units will be settled in shares.
- Represents 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-03. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy withholding obligations.
- The 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.
- Represents performance stock which was granted on February 21, 2014 and which vested on February 21, 2017. Award is settled in common stock. Because exceptional 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.
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