SUNTRUST BANKS INC 4

Accession 0000750556-17-000057

CIK 0000750556operating

View on SEC.gov Company Profile

Filed

Feb 22, 7:00 PM ET

Accepted

Feb 23, 3:24 PM ET

Size

32.4 KB

Accession

0000750556-17-000057

Insider Transaction Report

Form 4

Period: 2017-02-21

SUNTRUST BANKS INCSTI

Cheriyan Anil T

Corp Ex Vice Pres & CIO

Transactions

Exercise/Conversion
Common Stock
2017-02-21$59.79/sh+33,152.671$1,982,198→ 118,862.251 total
Exercise/Conversion
Common Stock
2017-02-21$59.79/sh+3,642.402$217,779→ 122,504.653 total
Tax Payment
Common Stock
2017-02-21$59.79/sh−14,456$864,324→ 108,048.653 total
Tax Payment
Common Stock
2017-02-21$59.79/sh−1,747$104,453→ 106,301.653 total
Exercise/Conversion
Phantom Stock
2017-02-21−3,642.402→ 0 total
From: 2017-02-21→ Common Stock (3,642.402 underlying)
Exercise/Conversion
Phantom Stock
2017-02-21−33,152.671→ 5,098.94 total
From: 2017-02-21Exp: 2018-02-21→ Common Stock (33,152.671 underlying)
Award
Phantom Stock
2017-02-21+38,251.611→ 38,251.611 total
From: 2017-02-21Exp: 2018-02-21→ Common Stock (38,251.611 underlying)

Holdings

Option
Exercise: $23.68From: 2014-04-24Exp: 2022-04-24→ Common Stock (24,692 underlying)
24,692
Option
Exercise: $27.41From: 2015-02-26Exp: 2023-02-26→ Common Stock (11,464 underlying)
11,464
Phantom Stock
From: 2017-02-21Exp: 2017-02-21→ Common Stock (12,750.537 underlying)
12,750.537
Option
Exercise: $27.41From: 2016-02-26Exp: 2023-02-26→ Common Stock (11,465 underlying)
11,465
Phantom Stock
From: 2020-02-14Exp: 2020-02-14→ Common Stock (6,062.257 underlying)
6,062.257
Phantom Stock
From: 2018-02-09Exp: 2018-02-09→ Common Stock (3,458 underlying)
3,458
Common Stock
(indirect: By 401(k))
123.623
Phantom Stock
From: 2018-02-10→ Common Stock (3,111 underlying)
3,111
Phantom Stock
From: 2019-02-09Exp: 2019-02-09→ Common Stock (3,459 underlying)
3,459
Option
Exercise: $23.68Exp: 2022-04-24→ Common Stock (49,383 underlying)
49,383
Option
Exercise: $27.41From: 2014-02-26Exp: 2023-02-26→ Common Stock (11,464 underlying)
11,464

Footnotes (9)

[F1]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.
[F2]Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number os share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
[F3]Award vests pro rata annually over three years.
[F4]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.
[F5]Granted under the SunTrust Banks, inc. 2009 Stock Plan. One third of the award vests each year for three years.
[F6]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.
[F7]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.
[F8]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.
[F9]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.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

SUNTRUST BANKS INC

CIK 0000750556

→

Entity typeoperating

IncorporatedGA

Related Parties

filerCIK 0000750556

Filing Metadata

Form type: 4
Filed: Feb 22, 7:00 PM ET
Accepted: Feb 23, 3:24 PM ET
Size: 32.4 KB

View on SEC.gov