0000750556-19-000236.txt : 20191209
0000750556-19-000236.hdr.sgml : 20191209
20191209183408
ACCESSION NUMBER: 0000750556-19-000236
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191206
FILED AS OF DATE: 20191209
DATE AS OF CHANGE: 20191209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARCIA PAUL R
CENTRAL INDEX KEY: 0001226012
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08918
FILM NUMBER: 191276260
MAIL ADDRESS:
STREET 1: 214 N. TRYON STREET
CITY: CHARLOTTE
STATE: NC
ZIP: 28202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SUNTRUST BANKS INC
CENTRAL INDEX KEY: 0000750556
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 581575035
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 303 PEACHTREE ST NE
CITY: ATLANTA
STATE: GA
ZIP: 30308
BUSINESS PHONE: 4045887711
MAIL ADDRESS:
STREET 1: 303 PEACHTREE ST NE
CITY: ATLANTA
STATE: GA
ZIP: 30308
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2019-12-06
1
0000750556
SUNTRUST BANKS INC
STI
0001226012
GARCIA PAUL R
303 PEACHTREE STREET, NE
ATLANTA
GA
30308
1
0
0
0
Common Stock
2019-12-06
4
D
0
15799
D
0
D
Phantom Stock
2019-12-06
4
D
0
2362.889
D
Common Stock
2362.889
0
D
Disposed of in connection with 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"), pursuant to which SunTrust was merged with and into BB&T, effective November 1, 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. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of SunTrust common stock.
Pursuant to the Merger Agreement, at the effective time of the Merger, each restricted stock award included in the shares of common stock held by the reporting person was automatically converted into a BB&T restricted stock award with respect to shares of BB&T common stock. Each BB&T restricted stock award is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust restricted stock award immediately prior to the effective time of the Merger.
Represents phantom stock units under the SunTrust Banks, Inc. 2009 Stock 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.
These phantom stock units were replaced with BB&T phantom stock units in respect of an aggregate 3,060 shares of BB&T common stock.
Curt Phillips, Attorney-in-Fact for Paul R. Garcia
2019-12-09