Is Shivan Meteor legal in Standard, Modern, and Commander?

Shivan Meteor is legal in: Modern, Legacy, Vintage, Commander.

What type of card is Shivan Meteor?

Shivan Meteor is a Sorcery. Its oracle text reads: "Shivan Meteor deals 13 damage to target creature. Suspend 2—{1}{R}{R} (Rather than cast this card from your hand, you may pay {1}{R}{R} and exile it with two time counters on it. At the beginning of your upkeep, remove a time counter. When the last is removed, you may cast it without paying its mana cost.)"

Shivan Meteor

Sorcery

Shivan Meteor deals 13 damage to target creature.

Suspend 2— (Rather than cast this card from your hand, you may pay and exile it with two time counters on it. At the beginning of your upkeep, remove a time counter. When the last is removed, you may cast it without paying its mana cost.)