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) 03/31/2014 | ||||||||||||||||||||||||||
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 | 03/31/2014 | M | 3,550.4683 | A | $39.79 | 50,185.012 | D(2) | |||
Common Stock | 03/31/2014 | F | 1,101 | D | $39.79 | 49,084.012 | D(2) | |||
Common Stock | 125 | I | Son | |||||||
Common Stock | 631.3951 | I(1) | 401(k) |
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 | ||||||||
Phantom Stock Units(3) | (3) | (3) | (3) | Common Stock | 1,463.9679 | 1,463.9679 | D | ||||||||
Phantom Stock Units(4) | (4) | 03/31/2014 | M | 3,550.468 | (4) | (4) | Common Stock | 3,550.468 | $39.79 | 0 | D | ||||
Phantom Stock(5) | (5) | 02/14/2014 | 02/14/2022 | Common Stock | 2,944 | 5,765.277 | D | ||||||||
Phantom Stock(9) | (9) | 02/21/2015 | (9) | Common Stock | 3,761 | 3,761 | D | ||||||||
Phantom Stock(9) | (9) | 02/21/2016 | (9) | Common Stock | 3,761 | 3,761 | D | ||||||||
Phantom Stock(9) | (9) | 02/21/2017 | (9) | Common Stock | 3,762 | 3,762 | D | ||||||||
Option(6) | $71.03 | 02/14/2009 | 02/14/2016 | Common Stock | 18,000 | 18,000 | D | ||||||||
Option(6) | $85.06 | 02/13/2010 | 02/13/2017 | Common Stock | 20,000 | 20,000 | D | ||||||||
Option(6) | $64.58 | 02/12/2011 | 02/12/2018 | Common Stock | 81,400 | 81,400 | D | ||||||||
Option(6) | $9.06 | 02/10/2012 | 02/10/2019 | Common Stock | 250,000 | 250,000 | D | ||||||||
Option(7) | $9.06 | 02/10/2012 | 02/10/2019 | Common Stock | 25,276 | 25,276 | D | ||||||||
Option(8) | $29.2 | 04/01/2012 | 04/01/2021 | Common Stock | 27,349 | 27,349 | D | ||||||||
Option(8) | $21.67 | (8) | 02/14/2022 | Common Stock | 44,400 | 44,400 | D | ||||||||
Option(8) | $27.41 | 02/26/2014 | 02/26/2023 | Common Stock | 13,495 | 13,495 | D | ||||||||
Option(8) | $27.41 | 02/26/2015 | 02/26/2023 | Common Stock | 13,495 | 13,495 | D | ||||||||
Option(8) | $27.41 | 02/26/2016 | 02/26/2023 | Common Stock | 13,496 | 13,496 | 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 measurement date. |
2. Includes 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. |
3. 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. |
4. Reflects settlement in stock of 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. Includes shares acquired upon dividend reinvestment. |
5. Represents satisfaction of return on asset performance condition of performance-vested restricted stock units granted on 2/14/2012. Granted under the 2009 Stock Plan. Award will settle in shares in February, 2015. |
6. Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan. Includes shares acquired upon dividend reinvestment. |
7. Granted pursuant to the SunTrust Banks, Inc. 2004 StockPlan. |
8. Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over the next three years. |
9. 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. |
Remarks: |
David A. Wisniewski, Attorney-in-Fact for Thomas E. Freeman | 04/02/2014 | |
** 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. |