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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
The following table presents a summary of stock option and performance and restricted stock activity:
Stock Options Performance and Restricted Stock
(Dollars in thousands except per share data) Shares
Price
Range
Weighted-
Average
Exercise
Price Shares
Deferred
Compensation
Weighted-
Average
Grant
Price
Balance, January 1, 2005 21,432,205 $6.96 -$76.50 $58.21 2,814,316 $36,511 $33.82
Granted 4,064,417 70.60 - 74.25 73.12 79,353 5,685 71.91
Exercised/vested (3,046,871) 6.96 - 73.19 45.86 (449,045) - 30.28
Cancelled/expired/forfeited (659,296) 12.85 - 73.40 66.75 (117,655) (6,784) 57.92
Amortization of compensation for
performance stock - - - - (9,190) -
Balance, December 31, 2005 21,790,455 14.18 - 76.50 62.46 2,326,969 26,222 34.58
Granted 956,106 71.03 - 83.74 71.17 860,959 62,355 72.42
Exercised/vested (3,594,131) 14.18 - 74.89 53.63 (1,157,148) - 22.68
Cancelled/expired/forfeited (471,720) 14.18 - 73.40 70.81 (160,176) (9,750) 60.87
Amortization of compensation for
performance stock - - - - (18,340) -
Balance, December 31, 2006 18,680,710 14.56 - 83.74 64.39 1,870,604 60,487 57.12
Granted 717,494 77.75 - 85.06 85.04 1,054,837 88,892 84.27
Exercised/vested (2,887,293) 14.56 - 78.39 60.50 (339,437) - 50.21
Cancelled/expired/forfeited (452,765) 14.56 - 85.06 72.36 (315,660) (20,612) 65.30
Amortization of compensation element for
performance and restricted stock - - - - (35,299) -
Repurchase of AMA member interests - - - - (2,846) -
Balance, December 31, 2007 16,058,146 $17.06 - $85.06 $65.79 2,270,344 $90,622 $69.63
Exercisable, December 31, 2007 11,834,728 $62.63
Available for Additional Grant,
December 31, 200718,460,772
1Includes 925,356 shares available to be issued as restricted stock.
The following table presents information on stock options by ranges of exercise price:
(Dollars in thousands, except per share data)
Options Outstanding Options Exercisable
Range of Exercise Prices
Number
Outstanding at
December 31,
2007
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Number
Exercisable at
December 31,
2007
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Life (Years)
$17.06 to $49.46 739,865 $43.43 3.48 $14,099 739,865 $43.43 3.48
$49.47 to $64.57 6,036,982 56.49 4.01 39,454 6,036,982 56.49 4.01
$64.58 to $85.06 9,281,299 73.62 5.75 - 5,057,881 72.76 4.20
16,058,146 $65.79 4.99 $53,553 11,834,728 $62.63 4.06
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the
Company’s closing stock price on the last trading day of 2007 and the exercise price, multiplied by the number of
110