Ownership Submission
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 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 *
HILL C T
  2. Issuer Name and Ticker or Trading Symbol
SUNTRUST BANKS INC [STI]
5. 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
(Last)
(First)
(Middle)
919 EAST MAIN STREET
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2011
(Street)

RICHMOND, VA 23219
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (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)
Code V Amount (A) or (D) Price
Common Stock               85,619 D (2)  
Common Stock               20,904.4475 I (1) 401(k)

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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 (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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (3) (3)               (3)   (3) Common Stock 2,327.9314   2,327.9314 D  
Phantom Stock (4) (4)               (4)   (4) Common Stock 463.6104   463.6104 D  
Phantom Stock Units (5) (5)               (5)   (5) Common Stock 10,830.5955   10,830.5955 D  
Phamton Stock (6) (6) 12/31/2011(6)   A   7,159     (6)   (6) Common Stock 7,159 (6) 7,159 D  
Option (7) $ 54.28             02/11/2006 02/11/2013 Common Stock 15,000   15,000 D  
Option (7) $ 73.19             02/10/2007 02/10/2014 Common Stock 18,000   18,000 D  
Option (8) $ 73.14             02/08/2008 02/08/2015 Common Stock 18,000   18,000 D  
Option (8) $ 71.03             02/14/2009 02/08/2016 Common Stock 20,000   20,000 D  
Option (8) $ 85.06             02/13/2010 02/13/2017 Common Stock 19,000   19,000 D  
Option (8) $ 64.58             02/12/2011 02/12/2018 Common Stock 34,500   34,500 D  
Option (8) $ 29.54             12/31/2011 12/31/2018 Common Stock 50,000   50,000 D  
Option (8) $ 9.06             02/10/2012 02/10/2019 Common Stock 186,128   186,128 D  
Option (9) $ 29.2             04/01/2012 04/01/2021 Common Stock 18,882   18,882 D  

Reporting Owners

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

Signatures

 David A. Wisniewski, Attorney-in-Fact for Thomas G. Kuntz   01/04/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 25,400 shares of restricted stock granted under the SunTrust Banks, Inc., 2004 Stock Plan and the 2009 Stock Plan which vest on 2/10/2012 and 19,370 shares which vest on 12/16/12. 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.
(2) 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.
(3) The reported phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These Phantom Stock Units convert to common stock on a one-for-one basis.
(4) The reported phantom stock units we acquired under Crestar Bank's ANEX plan. These securities convert to common stock on a one-for-one basis.
(5) Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. Remainder will be settled on March 31, 2012, unless settled earlier due to the executives's death.
(6) Reflects satisfaction of performance vesting condition (Tier 1 Capital) as of December 31, 2011 with respect to restricted stock units originally granted under the SunTrust Banks, Inc. 2009 Stock Plan on April 1, 2011. Grant was exempt pursuant to Rule 16b-3. Award remains subject to time-vesting criterion and will vest pro rata annually (i.e. one-third each year) and will vest post-retirement provided certain noncompetition and other restrictive covenants are performed.
(7) Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.
(8) Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.
(9) Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. Award vests annually over three years.

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