SunTrust 2013 Annual Report Download - page 45
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29
Share repurchases during the year ended December 31, 2013:
Common Stock 1
Total number of
shares purchased 2Average price
paid per share
Number of
shares purchased
as part of
publicly
announced plans
or programs
Approximate dollar
value of shares that
may yet be
purchased under the
plans or programs
($ in millions)
April 1 - 30 1,072,400 $29.03 1,072,400 $169
May 1 - 31 591,532 31.89 591,532 150
June 1 - 30 — — — 150
Total during second quarter of 2013 1,663,932 $30.05 1,663,932 $150
July 1 - 31 1,429,527 $34.98 1,429,527 $100
August 1 - 31 — — — 100
September 1 - 30 — — — 100
Total during third quarter of 2013 1,429,527 $34.98 1,429,527 $100
October 1 - 31 1,463,185 $34.17 1,463,185 $50
November 1 - 30 — — — 50
December 1-31 — — — 50
Total during fourth quarter of 2013 1,463,185 $34.17 1,463,185 $50
Total during 2013 4,556,644 $32.92 4,556,644 $50
1 On March 14, 2013, the Company announced that its Board had authorized the repurchase of up to $200 million shares of the Company's common stock.
This authorization expires December 31, 2016. However, any share repurchase is subject to the approval of the Company's primary banking regulator as
part of the annual capital planning and stress testing process and, therefore, this authority effectively expires on March 31, 2014. During 2013, the Company
repurchased approximately $150 million of its common stock at market value as part of this publicly announced plan. Subsequent to December 31, 2013,
the Company repurchased an additional $50 million of its common stock in early 2014 as part of the repurchases authorized related to the 2013 capital plan.
2 Includes shares repurchased pursuant to SunTrust's employee stock option plans, pursuant to which participants may pay the exercise price upon exercise
of SunTrust stock options by surrendering shares of SunTrust common stock which the participant already owns. SunTrust considers shares so surrendered
by participants in SunTrust's employee stock option plans to be repurchased pursuant to the authority and terms of the applicable stock option plan rather
than pursuant to publicly announced share repurchase programs. No shares of SunTrust common stock were surrendered by participants in SunTrust's
employee stock option plans in 2013.