SunTrust 2013 Annual Report Download - page 44

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Unregistered Sales Of Equity Securities And Use Of Proceeds
SunTrust did not repurchase any shares of Series A Preferred Stock Depositary Shares, Series B Preferred Stock, Series E
Preferred Stock Depositary Shares, or warrants to purchase common stock during the year ended December 31, 2013, and
there was no unused Board authority to repurchase any shares of Series A Preferred Stock Depositary Shares, Series B Preferred
Stock, or the Series E Preferred Stock Depositary Shares.
At December 31, 2013, the Company had authority from its Board to repurchase all of the 13.9 million outstanding stock
purchase warrants. However, any such repurchase would be subject to the prior approval of the Federal Reserve through the
capital planning and stress testing process, and the Company did not request approval to repurchase any warrants.
On September 12, 2006, SunTrust issued and registered under Section 12(b) of the Exchange Act, 20 million Depositary
Shares, each representing a 1/4,000th interest in a share of Perpetual Preferred Stock, Series A. In 2011, the Series A Preferred
Stock became redeemable at the Company’s option at a redemption price equal to $100,000 per share, plus any declared and
unpaid dividends.
On March 30, 2011, the Company repurchased $3.5 billion of Fixed Rate Cumulative Preferred Stock-Series C, and $1.4
billion of Fixed Rate Cumulative Preferred Stock-Series D, that was issued to the U.S. Treasury under the CPP. Warrants to
purchase common stock issued to the U.S. Treasury in connection with the issuance of Series C and D preferred stock remained
outstanding. The Board authorized the Company to repurchase all of the remaining outstanding warrants to purchase our
common stock that were issued to the U.S. Treasury in connection with its investment in SunTrust Banks, Inc. under the CPP.
On September 28, 2011, the Company purchased and retired 4 million warrants to purchase SunTrust common stock in
connection with the U.S. Treasury's resale, via a public secondary offering of the warrants that the Treasury held. At December
31, 2013, 13.9 million warrants remained outstanding.
On December 15, 2011, SunTrust issued 1,025 shares of Perpetual Preferred Stock-Series B, no par value and $100,000
liquidation preference per share (the "Series B Preferred Stock") to SunTrust Preferred Capital I. The Series B Preferred Stock
by its terms is redeemable by the Company at $100,000 per share plus any declared and unpaid dividends.
On December 13, 2012, SunTrust issued depositary shares representing ownership interest in 4,500 shares of Perpetual
Preferred Stock-Series E, no par value and $100,000 liquidation preference per share (the "Series E Preferred Stock"). The
Series E Preferred Stock by its terms is redeemable by the Company at $100,000 per share plus any declared and unpaid
dividends.