Edgar Filing: HILL C T

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â HILL C T

2. Date of Event Requiring Statement (Month/Day/Year)
12/12/2008

3. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [STI]

(Last)

(First)

(Middle)

919 EAST MAIN STREET

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Corp. Executive Vice President

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

RICHMOND,Â VAÂ 23219

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	27,448	D	Â
Common Stock	18,708.75	I	401(k) ⁽¹⁾
Common Stock	20,249	I	Restricted Stock ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock Units ⁽³⁾	Â ⁽³⁾	Â ⁽³⁾	Common Stock	808.3116	$ ⁽³⁾	D	Â
Phantom Stock Units ⁽⁴⁾	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	452.8692	$ ⁽⁴⁾	D	Â
Option ⁽⁵⁾	12/31/2000	02/08/2009	Common Stock	1,534	$ 65.1875	D	Â
Option ⁽⁵⁾	11/09/2002	11/09/2009	Common Stock	6,000	$ 73.0625	D	Â
Option ⁽⁶⁾	11/14/2003	11/14/2010	Common Stock	15,000	$ 51.125	D	Â
Option ⁽⁶⁾	11/13/2004	11/13/2011	Common Stock	15,000	$ 64.57	D	Â
Option ⁽⁶⁾	02/11/2006	02/11/2013	Common Stock	15,000	$ 54.28	D	Â
Option ⁽⁶⁾	02/10/2007	02/10/2014	Common Stock	18,000	$ 73.19	D	Â
Option ⁽⁷⁾	02/08/2008	02/08/2015	Common Stock	18,000	$ 73.14	D	Â
Option ⁽⁷⁾	02/14/2009	02/08/2016	Common Stock	20,000	$ 71.03	D	Â
Option ⁽⁷⁾	02/13/2010	02/13/2017	Common Stock	19,000	$ 85.06	D	Â
Option ⁽⁷⁾	02/12/2011	02/12/2018	Common Stock	34,500	$ 64.58	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HILL C T 919 EAST MAIN STREET RICHMOND,Â VAÂ 23219	Â	Â	Â Corp. Executive Vice President	Â

Signatures

David A. Wisnewski, Attorney-in-Fact for C.T. Hill		12/22/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(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 held under SunTrust Banks, Inc. 2004 Stock Plan; subject to certain vesting conditions. Restricted stock agreement contains tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3.
(3)	The reported phantom stock units were acquired under the SunTrust Banks, Inc.'s 401(k) excess benefit plan. These securities convert to common stock on a one-for-one basis.
(4)	The reported phantom stock units were acquired under Crestar Bank's ANEX plan. These securities 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.

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