- Statement of Changes in Beneficial Ownership (4)
March 17 2011 - 8:05AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
WELLS JAMES M III
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2. Issuer Name
and
Ticker or Trading Symbol
SUNTRUST BANKS INC
[
STI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Chairman, President and CEO
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(Last)
(First)
(Middle)
303 PEACHTREE STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
3/15/2011
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(Street)
ATLANTA, GA 30308
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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151305.65
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D
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Common Stock
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12267
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I
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Spouse
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Common Stock
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1691.8121
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D
(1)
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Common Stock
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112913
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D
(2)
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Common Stock
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25010.051
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I
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GRAT no. 2
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Common Stock
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28433.555
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I
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GRAT no. 3
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Phantom Stock Units
(3)
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(3)
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(3)
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(3)
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Common Stock
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7900.1177
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7900.1177
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D
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Phantom Stock Units
(4)
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(4)
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(4)
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(4)
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Common Stock
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115121.689
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115121.689
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D
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Phantom Stock Units
(5)
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(5)
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3/15/2011
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A
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4385.1929
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(5)
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(5)
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Common Stock
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4385.1929
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$28.41
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20347.0365
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D
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Phantom Stock Units
(5)
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(5)
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3/15/2011
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D
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63.5854
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(5)
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(5)
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Common Stock
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63.5854
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$28.41
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20283.4511
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D
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Option
(6)
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$64.57
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12/31/2001
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11/13/2011
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Common Stock
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15000
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15000
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D
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Option
(6)
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$64.57
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11/13/2004
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11/13/2011
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Common Stock
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60000
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60000
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D
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Option
(6)
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$54.28
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2/11/2006
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2/11/2013
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Common Stock
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100000
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100000
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D
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Option
(6)
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$73.19
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2/10/2007
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2/10/2014
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Common Stock
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100000
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100000
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D
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Option
(7)
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$73.14
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2/8/2008
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2/8/2015
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Common Stock
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60000
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60000
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D
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Option
(7)
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$71.03
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2/14/2009
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2/14/2016
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Common Stock
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100000
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100000
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D
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Option
(7)
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$85.06
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2/13/2010
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2/13/2017
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Common Stock
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163000
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163000
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D
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Option
(7)
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$64.58
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2/12/2011
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2/12/2018
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Common Stock
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250000
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250000
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D
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Option
(7)
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$9.06
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2/10/2012
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2/10/2019
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Common Stock
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250000
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250000
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D
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Explanation of Responses:
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(
1)
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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.
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(
2)
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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. Includes 50,000 shares which vest on 02/10/2012 and 62,913 shares which vest on 12/16/2012.
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(
3)
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The reported phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These phantom stock units convert to common stock on a one-for-one basis.
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(
4)
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Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash one half on March 31, 2011 and one half on March 31, 2012, unless settled earlier due to the executive's death.
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(
5)
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Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash on March 15, 2012, unless settled earlier due to the executive's death.
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(
6)
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Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
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(
7)
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Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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WELLS JAMES M III
303 PEACHTREE STREET
ATLANTA, GA 30308
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X
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Chairman, President and CEO
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Signatures
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David A. Wisniewski, Attorney-in-Fact for James M. Wells III
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3/17/2011
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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 control number.
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