4//SEC Filing
Tanner Bruce L 4
Accession 0000750556-19-000213
CIK 0000750556other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 12:36 PM ET
Size
9.5 KB
Accession
0000750556-19-000213
Insider Transaction Report
Form 4
Tanner Bruce L
Director
Transactions
- Disposition to Issuer
Phantom Stock
2019-12-06−7,659.339→ 0 total→ Common Stock (7,659.339 underlying) - Disposition to Issuer
Phantom Stock
2019-12-06−9,695.661→ 0 total→ Common Stock (9,695.661 underlying)
Footnotes (5)
- [F1]Represents phantom stock units under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Agreement and Plan of Merger by and between SunTrust Banks, Inc. ("SunTrust") and BB&T Corporation ("BB&T"), dated February 7, 2019 and amended as of June 14, 2019 (the "Merger Agreement"), SunTrust was merged with and into BB&T on December 6, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of SunTrust common stock was exchanged for 1.295 shares of BB&T Common Stock. The closing price of BB&T common stock on the New York Stock Exchange on the effective date of the Merger was $54.24.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a BB&T phantom stock unit in respect of shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Each BB&T phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
- [F3]Represents phantom stock units under the SunTrust Banks, Inc. Directors' Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a BB&T phantom stock unit in respect of shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Each BB&T phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
- [F4]These phantom stock units were replaced with BB&T phantom stock units in respect of an aggregate 12,556 shares of BB&T common stock.
- [F5]These phantom stock units were replaced with BB&T phantom stock units in respect of an aggregate 9,919 shares of BB&T common stock.
Documents
Issuer
SUNTRUST BANKS INC
CIK 0000750556
Entity typeother
Related Parties
1- filerCIK 0001411075
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 12:36 PM ET
- Size
- 9.5 KB