Edgar Filing: Gillani Aleem

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 Gillani Aleem

2. Date of Event Requiring Statement (Month/Day/Year)
04/26/2011

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

(Last)

(First)

(Middle)

303 PEACHTREE STREET, NE

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
CEVP, CFO and Treasurer

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

(Street)

ATLANTA,Â GAÂ 30308

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	49,975	D ⁽¹⁾	Â
Common Stock	200	I	Custodial Account ⁽²⁾
Common Stock	2,000	I	Custodial Account ⁽³⁾
Common Stock	3,500	I	Trust ⁽⁴⁾
Common Stock	5,030.065	I	401 (k) ⁽⁵⁾

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	Â ⁽⁶⁾	Â ⁽⁶⁾	Common Stock	971.7448	$ ⁽⁶⁾	D	Â
Option ⁽⁷⁾	01/14/2013	01/14/2020	Common Stock	5,000	$ 23.7	D	Â
Option ⁽⁷⁾	02/08/2014	02/08/2021	Common Stock	19,300	$ 32.27	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gillani Aleem 303 PEACHTREE STREET, NE ATLANTA,Â GAÂ 30308	Â	Â	Â CEVP, CFO and Treasurer	Â

Signatures

David A. Wisniewski, Attorney-in-Fact for Aleem Gillani		04/28/2011
^**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)	Includes 2,500 shares of restricted stock which vest on October 31, 2011, 6,810 shares of restricted stock which vest on February 10, 2012, 9,225 shares of restricted stock which vest on August 11, 2012, 3,800 shares which vest on February 9, 2013 and 7,290 shares which vest on February 8, 2014.
(2)	Shares are held in a custodial account for the benefit of an adult family member of the reporting person and over which shares the reporting person has investment and voting control.
(3)	Shares are held in a custodial account for the benefit of a minor child of the reporting person and over which shares the reporting person has investment and voting control.
(4)	Reporting person has voting and investment control of the shares owned by a family trust.
(5)	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 the SunTrust stock on the applicable measurement date.
(6)	The reported phantom stock units were acquired under the SunTrust Banks, Inc. 401 (k) Deferred Compensation plan. These phantom stock units convert to common stock on a one-for-one basis.
(7)	Granted under the SunTrust Banks, Inc. 2009 Stock Plan.

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