SEC FORM 4

SEC Form 4

FORM 4

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
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)

ATLANTA

30308

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2005

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/13/2005		M		34,470	A	$28.19	154,670	D
Common Stock	05/13/2005		S		700	D	$71.61	153,970	D
Common Stock	05/13/2005		S		100	D	$71.62	153,870	D
Common Stock	05/13/2005		S		200	D	$71.63	153,670	D
Common Stock	05/13/2005		S		2,300	D	$71.64	151,370	D
Common Stock	05/13/2005		S		300	D	$71.65	151,070	D
Common Stock	05/13/2005		S		200	D	$71.67	150,870	D
Common Stock	05/13/2005		S		200	D	$71.7	150,670	D
Common Stock	05/13/2005		S		1,600	D	$71.71	149,070	D
Common Stock	05/13/2005		S		1,000	D	$71.72	148,070	D
Common Stock	05/13/2005		S		400	D	$71.73	147,670	D
Common Stock	05/13/2005		S		100	D	$71.75	147,570	D
Common Stock	05/13/2005		S		1,100	D	$71.76	146,470	D
Common Stock	05/13/2005		S		2,300	D	$71.77	144,170	D
Common Stock	05/13/2005		S		1,100	D	$71.78	143,070	D
Common Stock	05/13/2005		S		1,900	D	$71.79	141,170	D
Common Stock	05/13/2005		S		1,900	D	$71.8	139,270	D
Common Stock	05/13/2005		S		100	D	$71.81	139,170	D
Common Stock	05/13/2005		S		700	D	$71.82	138,470	D
Common Stock	05/13/2005		S		300	D	$71.83	138,170	D
Common Stock	05/13/2005		S		100	D	$71.88	138,070	D
Common Stock	05/13/2005		S		500	D	$71.89	137,570	D
Common Stock	05/13/2005		S		2,600	D	$71.92	134,970	D
Common Stock	05/13/2005		S		200	D	$71.93	134,770	D
Common Stock	05/13/2005		S		200	D	$71.94	134,570	D
Common Stock	05/13/2005		S		1,100	D	$71.95	133,470	D
Common Stock	05/13/2005		S		400	D	$71.98	133,070	D
Common Stock								12,267	I	Spouse
Common Stock								831.945	I	401(k)⁽¹⁾
Common Stock								4,420	I	Restricted Stock⁽²⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units⁽³⁾	⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	1,740.0095		1,740.0095	D
Option	$28.19	05/13/2005		M			34,470	01/25/1997	01/25/2006	Common Stock	34,470	$28.19	0	D
Option	$37.28							01/23/1998	01/23/2007	Common Stock	2,682		2,682	D
Option	$37.27							01/23/1998	01/23/2007	Common Stock	27,558		27,558	D
Option	$38.28							02/24/1998	02/24/2007	Common Stock	10,176		10,176	D
Option	$54.39							07/20/1998	01/22/2008	Common Stock	1,838		1,838	D
Option	$54.39							07/20/1998	01/22/2008	Common Stock	26,290		26,290	D
Option	$76.5							12/31/2001	12/31/2008	Common Stock	90,000		90,000	D
Option⁽⁴⁾	$73.0625							12/31/2001	11/09/2009	Common Stock	15,000		15,000	D
Option⁽⁵⁾	$50.5							03/06/2003	03/06/2010	Common Stock	24,000		24,000	D
Option⁽⁵⁾	$50.5							03/06/2005	03/06/2010	Common Stock	16,000		16,000	D
Option⁽⁵⁾	$51.125							12/31/2001	11/14/2010	Common Stock	15,000		15,000	D
Option⁽⁵⁾	$51.125							11/14/2003	11/14/2010	Common Stock	35,000		35,000	D
Option⁽⁵⁾	$64.57							12/31/2001	11/13/2011	Common Stock	15,000		15,000	D
Option⁽⁵⁾	$64.57							11/13/2004	11/13/2011	Common Stock	60,000		60,000	D
Option⁽⁵⁾	$54.28							02/11/2006	02/11/2013	Common Stock	100,000		100,000	D
Option⁽⁵⁾	$73.19							02/10/2007	02/10/2014	Common Stock	100,000		100,000	D
Option⁽⁶⁾	$73.14							02/08/2008	02/08/2015	Common Stock	60,000		60,000	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 held under SunTrust Banks, Inc. 2000 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 SunTrust Banks, Inc.'s 401(k) excess benefit plan. These securities convert to common stock on a one-for-one basis.

4. Granted pursuant to the 1995 SunTrust Executive Stock Plan.

5. Granted pursuant to the SunTrust Banks, Inc. 2000 Stock Plan.

6. Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.

Remarks:

	Raymond D. Fortin, Attorney-in-Fact for James M. Wells III	05/17/2005
	** Signature of Reporting Person	Date
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).
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