Sullivan Timothy E 4
4 · SUNTRUST BANKS INC · Filed Jan 4, 2011
Insider Transaction Report
Form 4
Sullivan Timothy E
Corp. EVP & Chief Info. Off.
Transactions
- Award
Phantom Stock Units
2010-12-31$29.51/sh+1,171.922$34,583→ 31,872.802 total→ Common Stock (1,171.922 underlying) - Disposition to Issuer
Phantom Stock Units
2010-12-31$29.51/sh−16.993$501→ 31,855.809 total→ Common Stock (16.993 underlying)
Holdings
- 33,000
Option
Exercise: $71.03From: 2009-02-14Exp: 2016-02-14→ Common Stock (33,000 underlying) - 8,449.965
Common Stock
- 1,724.755
Phantom Stock Units
→ Common Stock (1,724.755 underlying) - 25,000
Option
Exercise: $54.28From: 2006-02-11Exp: 2013-02-11→ Common Stock (25,000 underlying) - 238,475
Option
Exercise: $9.06From: 2012-02-10Exp: 2019-02-10→ Common Stock (238,475 underlying) - 44,719
Common Stock
- 62,000
Option
Exercise: $64.58From: 2011-02-12Exp: 2018-02-12→ Common Stock (62,000 underlying) - 18,000
Option
Exercise: $73.19From: 2007-02-10Exp: 2014-02-10→ Common Stock (18,000 underlying) - 951.102
Common Stock
Footnotes (6)
- [F1]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.
- [F2]Restricted stock granted under SunTrust Banks, Inc. 2004 Stock Plan and the 2009 Stock Plan. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3. Includes 16,300 shares which vest on 02/10/2012 and 20,374 shares which vest on 12/16/2013.
- [F3]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.
- [F4]Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash one half on March 31, 2011 and one half on March 31, 2012, unless settled earlier due to the executive's death.
- [F5]Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
- [F6]Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.