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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DUKES LAURA ALLISON
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)
Chief Financial Officer
(Last)          (First)          (Middle)

303 PEACHTREE STREET, NE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/26/2019
(Street)

ATLANTA, GA 30308
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/26/2019  S  1032 D$70.29 (1)43943.297 D 
 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Options (3)$27.41           2/26/2016 2/26/2023 Common Stock 5061  5061 D 
 
Phantom Stock Units (2) (2)          2/14/2020 2/14/2020 Common Stock 1573.659  1573.659 D 
 
Phantom Stock Units (2) (2)          2/13/2020 2/13/2020 Common Stock 1953.809  1953.809 D 
 
Phantom Stock Units (2) (2)          2/13/2021 2/13/2021 Common Stock 1953.812  1953.812 D 
 
Phantom Stock Units (4) (4)          2/8/2020  (4)Common Stock 11034.433  11034.433 D 
 
Phantom Stock Units (4) (4)          2/8/2021  (4)Common Stock 11034.433  11034.433 D 
 
Phantom Stock Units (4) (4)          2/8/2022  (4)Common Stock 11033.404  11033.404 D 
 

Explanation of Responses:
(1) The price reported here is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.25 to $70.35, inclusive.
(2) Represents time-vested restricted stock units granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. The Plan is exempt under Rule 16b-3. Units will be settled in shares of common stock. The award agreements contain tax withholding features that allow us to withhold units to satisfy tax withholding obligations.
(3) Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan.
(4) Represents time-vested restricted stock units granted pursuant to the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. The Plan is exempt under Rule 16b-3. Units will be settled in shares of common stock. The award agreements contain tax withholding features that allow us to withhold units to satisfy tax withholding obligations.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DUKES LAURA ALLISON
303 PEACHTREE STREET, NE
ATLANTA, GA 30308


Chief Financial Officer

Signatures
Curt Phillips, Attorney-in-Fact for L. Allison Dukes11/27/2019
**Signature of Reporting PersonDate

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