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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [ STI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/29/2008 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 10/29/2008 | M | 49,530 | A | $31.93 | 52,613 | D | |||
Common Stock | 10/29/2008 | S | 49,530 | D | $40 | 3,083 | D | |||
Common Stock | 5,499.4018 | I | 401(k)(1) | |||||||
Common Stock | 33,497 | I | Restricted Stock(2) | |||||||
Common Stock | 29,200 | I | Spouse |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Option(3) | $48.33 | 10/01/2004 | 01/14/2013 | Common Stock | 2,069 | 2,069 | D | ||||||||
Option(3) | $52.09 | 10/01/2004 | 01/15/2012 | Common Stock | 1,919 | 1,919 | D | ||||||||
Option(3) | $48.33 | 01/14/2004 | 01/14/2013 | Common Stock | 24,347 | 24,347 | D | ||||||||
Option(3) | $52.09 | 01/15/2003 | 01/15/2012 | Common Stock | 36,157 | 36,157 | D | ||||||||
Option(4) | $49.97 | 01/16/2002 | 01/16/2011 | Common Stock | 19,168 | 19,168 | D | ||||||||
Option(4) | $31.93 | 10/29/2008 | M | 49,530 | 07/05/2001 | 07/05/2010 | Common Stock | 49,530 | $31.93 | 0 | D | ||||
Option(5) | $56.17 | 10/01/2004 | 01/21/2014 | Common Stock | 49,926 | 49,926 | D | ||||||||
Option(6) | $71.24 | 10/01/2007 | 10/01/2014 | Common Stock | 100,000 | 100,000 | D | ||||||||
Option(6) | $71.03 | 02/14/2009 | 02/14/2016 | Common Stock | 47,734 | 47,734 | D | ||||||||
Option(6) | $85.06 | 02/13/2010 | 02/13/2017 | Common Stock | 42,000 | 42,000 | D | ||||||||
Option(6) | $64.58 | 02/12/2011 | 02/12/2018 | Common Stock | 84,500 | 84,500 | D | ||||||||
Phantom Stock Units(7) | (7) | (7) | (7) | Common Stock | 480.965 | 480.965 | D | ||||||||
Phantom Stock Units(8) | (8) | (8) | (8) | Common Stock | 333.3599 | 333.3599 | D |
Explanation of Responses: |
1. Acquired under the National Commerce Financial Corporation Investment Plan, which was frozen on 12/31/04, and merged into the SunTrust Banks, Inc. 401(k) Plan on July 1, 2005. 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. |
2. Restricted stock granted under SunTrust Banks, Inc. 2004 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 12,475 shares which vest on 2/14/2009 and 9,522 shares which vest on 2/13/2010. |
3. Granted pursuant to the National Commerce Financial Corporation Amended and Restated Long-Term Incentive Plan. |
4. Granted pursuant to the National Commerce Financial Corporation 1994 Stock Plan, Amended and Restated. |
5. Granted pursuant to the National Commerce Financial Corporation 2003 Stock and Incentive Plan. |
6. Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan. |
7. Acquired under the National Commerce Bancorporation Deferred Compensation Plan, which is a frozen plan. These phantom stock units convert to common stock on a one-for-one basis. Payouts occur annually in January, ending in 2009. |
8. The reported phantom stock units were acquired under SunTrust Banks, Inc.'s 401(k) excess benefit plan. These phantom stock units convert to common stock on a one-for-one basis. |
Remarks: |
David A. Wisniewski, Attorney-in-Fact for William R. Reed, Jr. | 10/31/2008 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |