SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Cummins Hugh S. III

(Last) (First) (Middle)
303 PEACHTREE STREET, NE

(Street)
ATLANTA GA 30308

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [ STI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CEVP & Wholesale Banking Exec
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/14/2018 M 2,008.719 A $70.07 32,532.16 D
Common Stock 02/14/2018 F 623 D $70.07 31,909.16 D
Common Stock 2,851.5741 I 401(k)(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock(3) (3) (3) (3) Common Stock 1,099.8535 1,099.8535 D
Phantom Stock(2) (2) 02/14/2020 02/14/2020 Common Stock 1,971.813 1,971.813 D
Phantom Stock(2) (2) 02/14/2019 02/14/2019 Common Stock 1,971.813 1,971.813 D
Phantom Stock(2) (2) 02/14/2018 M 2,008.719 02/14/2018 02/14/2018 Common Stock 2,008.719 (2) 0 D
Phantom Stock(2) (2) 02/09/2020 02/09/2020 Common Stock 46,488.511 46,488.511 D
Phantom Stock(2) (2) 02/09/2019 02/09/2019 Common Stock 46,488.514 46,488,514 D
Phantom Stock(2) (2) 02/09/2019 02/09/2019 Common Stock 3,625.766 3,625.766 D
Phantom Stock(4) (4) 02/13/2018 A 28,507.098 02/13/2018 (4) Common Stock 28,507.098 (4) 28,507.098 D
Phantom Stock(5) (5) 02/13/2018 A 4,048.881 02/13/2019 (5) Common Stock 4,048.881 (5) 4,048.881 D
Phantom Stock(5) (5) 02/13/2018 A 4,048.881 02/13/2020 (5) Common Stock 4,048.881 (5) 4,048.881 D
Phantom Stock(5) (5) 02/13/2018 A 4,048.881 02/13/2021 (5) Common Stock 4,048.881 (5) 4,048.881 D
Explanation of Responses:
1. 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 measureent date.
2. Represents time-vested restricted stock units 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 satisfy withholding obligations. Units will be settled in shares.
3. The pantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
4. Represents performance-vested restricted stock units granted on February 10, 2015 under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the satisfaction of EPS/TSR/ROTCE performance conditions. Performance resulted in the award vesting at 120% of target. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.
5. Represents time-vested restricted stock units granted on February 13, 2018 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.
Remarks:
Curt Phillips Attorney-in-Fact for Hugh S. Cummins III 02/15/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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