Sec Form 4 Filing - HUMANN L PHILLIP @ SUNTRUST BANKS INC - 2008-04-29

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED 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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1. Name and Address of Reporting Person
HUMANN L PHILLIP
2. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [ STI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
303 PEACHTREE STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/29/2008
(Street)
ATLANTA, GA30308
4. If Amendment, Date Original Filed (MM/DD/YY)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 138,539 D
Common Stock 150,000 I Limited Partnership ( 1 )
Common Stock 25,489 I Trust ( 2 )
Common Stock 32,941.058 I 401(k) ( 3 )
Common Stock 33,200 I Spouse
Common Stock 04/29/2008 A 29,649 A $ 56.23 149,649 I Restricted Stock ( 4 )
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 Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units ( 5 ) ( 5 ) ( 5 ) ( 5 ) Common Stock 14,112.4216 14,112.4216 D
Phantom Stock Units ( 6 ) ( 6 ) ( 6 ) ( 6 ) Common Stock 34,000 34,000 D
Option ( 7 ) $ 73.0625 11/09/2002 11/09/2009 Common Stock 75,000 75,000 D
Option ( 8 ) $ 51.125 11/14/2003 11/14/2010 Common Stock 150,000 150,000 D
Option ( 8 ) $ 64.57 11/13/2004 11/13/2011 Common Stock 150,000 150,000 D
Option ( 8 ) $ 54.28 02/11/2006 02/11/2013 Common Stock 150,000 150,000 D
Option ( 8 ) $ 73.19 02/10/2007 02/10/2014 Common Stock 150,000 150,000 D
Option ( 9 ) $ 73.14 02/08/2008 02/08/2015 Common Stock 97,000 97,000 D
Option ( 9 ) $ 71.03 02/14/2009 02/14/2016 Common Stock 163,000 163,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HUMANN L PHILLIP
303 PEACHTREE STREET
ATLANTA, GA30308
X Executive Chairman
Signatures
David A. Wisniewski, Attorney-in-Fact for L. Phillip Humann 05/01/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Held by Humann Partners, L.P.
( 2 )Held in trust by spouse for members of immediate family.
( 3 )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.
( 4 )Restricted stock held under 1986 SunTrust Executive Stock Plan, 1995 SunTrust Executive Stock Plan, SunTrust Banks, Inc. 2000 Stock Plan and SunTrust Banks Inc. 2004 Stock Plan. Subject to certain vesting conditions. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. All plans are exempt under Rule 16(b)-3. Includes 29,649 shares which vest on 2/14/2009.
( 5 )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.
( 6 )Granted in exchange for restricted stock. Will be paid out on various dates. These phantom stock units convert to common stock on a one-for-one basis.
( 7 )Granted pursuant to the 1995 SunTrust Executive Stock Plan.
( 8 )Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
( 9 )Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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