4//SEC Filing
Sullivan Timothy E 4
Accession 0000750556-12-000041
CIK 0000750556other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 10:40 AM ET
Size
23.5 KB
Accession
0000750556-12-000041
Insider Transaction Report
Form 4
Sullivan Timothy E
Corp. EVP & Chief Info. Off.
Transactions
- Tax Payment
Common Stock
2012-02-13$22.03/sh−5,385$118,632→ 45,172.965 total
Holdings
- 6,757.378
Phantom Stock
→ Common Stock (6,757.378 underlying) - 25,000
Option
Exercise: $54.28From: 2006-02-11Exp: 2013-02-11→ Common Stock (25,000 underlying) - 18,000
Option
Exercise: $73.14From: 2008-02-08Exp: 2015-02-08→ Common Stock (18,000 underlying) - 27,417
Option
Exercise: $29.20From: 2012-04-01Exp: 2021-04-01→ Common Stock (27,417 underlying) - 18,000
Option
Exercise: $73.19From: 2007-02-10Exp: 2014-02-10→ Common Stock (18,000 underlying) - 33,000
Option
Exercise: $85.06From: 2010-02-13Exp: 2017-02-13→ Common Stock (33,000 underlying) - 62,000
Option
Exercise: $64.58From: 2011-02-12Exp: 2018-02-12→ Common Stock (62,000 underlying) - 959.801(indirect: By 401(k))
Common Stock
- 10,395
Phantom Stock
→ Common Stock (10,395 underlying) - 238,475
Option
Exercise: $9.06From: 2012-02-10Exp: 2019-02-10→ Common Stock (238,475 underlying) - 15,927.904
Phantom Stock
→ Common Stock (15,927.904 underlying) - 33,000
Option
Exercise: $71.03From: 2009-02-14Exp: 2016-02-14→ Common Stock (33,000 underlying) - 1,763.193
Phantom Stock
→ Common Stock (1,763.193 underlying)
Footnotes (9)
- [F1]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 20,374 shares which vest on 12/16/2012.
- [F2]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.
- [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 and paid as salary. Reflects settlement of one-half in case on March 31, 2011. Remainder will be settled on March 31, 2012, unless settled earlierdue to the executive's death.
- [F5]Reflects case settlement of salary shares on April 5, 2011 based on closing stock price on the date of TARP repayment, March 30, 2011.
- [F6]Reflects satisfaction of performance vesting condition (Tier 1 Capital) as of December 31, 2011 with respect to restricted stock units originally granted under the SunTrust Banks, Inc. 2009 Stock Plan on April 1, 2011. Grant was exempt pursuant to Rule 16b-3. Award remains subject to time-vesting criterion and will vest pro rata annually (i.e. one-third each year) and will vest post-retirement provided certain noncompetition and other restrictive covenants are performed.
- [F7]Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
- [F8]Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
- [F9]Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over three years.
Documents
Issuer
SUNTRUST BANKS INC
CIK 0000750556
Entity typeother
Related Parties
1- filerCIK 0001323718
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 10:40 AM ET
- Size
- 23.5 KB