Statement of Changes in Beneficial Ownership (4)
November 22 2019 - 9:45AM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Cummins Hugh S. III |
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) Co-COO/Wholesale Segment Exec |
(Last)
(First)
(Middle)
303 PEACHTREE STREET, NE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/21/2019 |
(Street)
ATLANTA, GA 30308
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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 | 11/21/2019 | | S | | 25000 | D | $70.0018 (7) | 68404.496 | D | |
Common Stock | | | | | | | | 2860.4958 | I | 401(k) (1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 | 1158.7489 | | 1158.7489 | D | |
Phantom Stock Units (2) | (2) | | | | | | | 2/14/2020 | 2/14/2020 | Common Stock | 2115.204 | | 2115.204 | D | |
Phantom Stock Units (2) | (2) | | | | | | | 2/9/2020 | 2/9/2020 | Common Stock | 49869.194 | | 49869.194 | D | |
Phantom Stock Units (2) | (2) | | | | | | | 2/13/2020 | (2) | Common Stock | 4265.818 | | 4265.818 | D | |
Phantom Stock Units (2) | (2) | | | | | | | 2/13/2021 | (2) | Common Stock | 4264.765 | | 4264.765 | D | |
Phantom Stock Units (4) | (4) | | | | | | | 2/8/2020 | (4) | Common Stock | 17204.645 | | 17204.645 | D | |
Phantom Stock Units (4) | (4) | | | | | | | 2/8/2021 | (4) | Common Stock | 17203.621 | | 17203.621 | D | |
Phantom Stock Units (4) | (4) | | | | | | | 2/8/2022 | (4) | Common Stock | 17202.598 | | 17202.598 | D | |
Phantom Stock Units (5) | (5) | | | | | | | 2/9/2019 | (5) | Common Stock | 2722.825 (5) | | 2722.825 (5) | D | |
Option (6) | $21.67 | | | | | | | 2/14/2015 | 2/14/2022 | Common Stock | 45600 | | 45600 | D | |
Option (6) | $27.41 | | | | | | | 2/26/2016 | 2/26/2023 | Common Stock | 43185 | | 43185 | D | |
Phantom Stock Units (4) | (4) | | | | | | | 10/1/2022 | (4) | Common Stock | 61452.662 | | 61452.662 | 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) | Represents time-vested restricted stock units under the SunTrust Banks, Inc. 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 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) | Represents time-vested restricted stock units under the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation 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. |
(5) | Represents performance-vested restricted stock units granted on February 9, 2016 under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the saisfaction of EPS/ROTCE/TSR performance conditions. Performance resulted in the award vesting at 140% of target; because performance resulted in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral 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. |
(6) | Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over three years from the grant date. |
(7) | The price reported in Column 4 is the weighted average price. The shares were sold in multiple transactions at prices ranging from $69.98 to $70.09. The reporting person has provided to SunTrust Banks, Inc. full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cummins Hugh S. III 303 PEACHTREE STREET, NE ATLANTA, GA 30308 |
|
| Co-COO/Wholesale Segment Exec |
|
Signatures
|
Curt Phillips, Attorney-in-Fact for Hugh S. Cummins III | | 11/22/2019 |
**Signature of Reporting Person | Date |
SunTrust Banks (NYSE:STI)
Historical Stock Chart
From Aug 2024 to Sep 2024
SunTrust Banks (NYSE:STI)
Historical Stock Chart
From Sep 2023 to Sep 2024