FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WELLS JAMES M III
(Last)(First)(Middle)
303 PEACHTREE STREET
(Street)
ATLANTAGA30308
(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [STI]		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction 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)
CodeVAmount(A) or (D)Price
Common Stock 08/21/2008 GV 50,916 D (3) 99,016 D  
Common Stock         12,267 I Spouse
Common Stock         1,331.148 I 401(k) (1)
Common Stock         78,764 I Restricted Stock (2)
Common Stock 08/21/2008 GV 50,916 A (3) 50,916 I GRAT (3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction 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
(Month/Day/Year)		7. Title and Amount of Underlying Securities
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units (4) (4)        (4) (4) Common Stock 4,253.0385   4,253.0385 D  
Option $ 76.5       12/31/200112/31/2008 Common Stock 90,000   90,000 D  
Option (5) $ 73.0625       12/31/200111/09/2009 Common Stock 15,000   15,000 D  
Option (6) $ 50.5       03/06/200303/06/2010 Common Stock 24,000   24,000 D  
Option (6) $ 50.5       03/06/200503/06/2010 Common Stock 16,000   16,000 D  
Option (6) $ 51.125       12/31/200111/14/2010 Common Stock 15,000   15,000 D  
Option (6) $ 51.125       11/14/200311/14/2010 Common Stock 35,000   35,000 D  
Option (6) $ 64.57       12/31/200111/13/2011 Common Stock 15,000   15,000 D  
Option (6) $ 64.57       11/13/200411/13/2011 Common Stock 60,000   60,000 D  
Option (6) $ 54.28       02/11/200602/11/2013 Common Stock 100,000   100,000 D  
Option (6) $ 73.19       02/10/200702/10/2014 Common Stock 100,000   100,000 D  
Option (7) $ 73.14       02/08/200802/08/2015 Common Stock 60,000   60,000 D  
Option (7) $ 71.03       02/14/200902/14/2016 Common Stock 100,000   100,000 D  
Option (7) $ 85.06       02/13/201002/13/2017 Common Stock 163,000   163,000 D  
Option (7) $ 64.58       02/12/201102/12/2018 Common Stock 250,000   250,000 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. Restricted stock granted under SunTrust Banks, Inc. 2004 Stock Plan. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3. Includes 19,006 shares which vest on 2/14/2009 and 24,758 shares which vests on 2/13/2010.
3. This transaction is a gift by the reporting person to a grantor retained annuity trust.
4. The reported phantom stock units were acquired under SunTrust Banks, Inc.'s 401(k) excess benefit plan. These phantom stock units convert to common stock on a one-for-one basis.
5. Granted pursuant to the 1995 SunTrust Executive Stock Plan.
6. Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
7. Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
David A. Wisniewski, Attorney-in-Fact for James M. Wells III08/25/2008
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.



 
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