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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

Freeman Thomas E	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. EVP & Chief Credit Off.	
(Last)          (First)          (Middle)

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

1/15/2010		
(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  	 	 	 	  	 	 	 	4561  	D  	
 	
Common Stock  	 	 	 	  	 	 	 	619.7  	I  	401(k)   (1)	
Common Stock  	 	 	 	  	 	 	 	52801  	I  	Restricted Stock   (2)	

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 Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. 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 Date	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 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   (3)	  (3)	 	 	   	  	  	  	  (3)	  (3)	Common Stock  	882.0126  	 	882.0126  	D  	
 	
Phantom Stock Units   (4)	  (4)	1/15/2010  	 	A  	  	1478.5519   	  	  (4)	  (4)	Common Stock  	1478.5519  	$23.39  	1478.5519  	D  	
 	
Phantom Stock Units   (4)	  (4)	1/15/2010  	 	F  	  	  	113.1094   	  (4)	  (4)	Common Stock  	113.1094  	$23.39  	1365.4425  	D  	
 	
Option   (5)	$71.03  	 	 	   	  	  	  	2/14/2009  	2/14/2016  	Common Stock  	18000  	 	18000  	D  	
 	
Option   (5)	$85.06  	 	 	   	  	  	  	2/13/2010  	2/13/2017  	Common Stock  	20000  	 	20000  	D  	
 	
Option   (5)	$64.58  	 	 	   	  	  	  	2/12/2011  	2/12/2018  	Common Stock  	81400  	 	81400  	D  	
 	
Option   (5)	$9.06  	 	 	   	  	  	  	2/10/2012  	2/10/2019  	Common Stock  	250000  	 	250000  	D  	
 	
Option   (6)	$9.06  	 	 	   	  	  	  	2/10/2012  	2/10/2019  	Common Stock  	25276  	 	25276  	D  	

Explanation of Responses:	
(  1) 	Because the stock fund component of the 401(k) 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 granted under SunTrust Banks, Inc. 2004 Stock Plan. Restricted stock agreements contain tax withholding features allowing stock to be withheld to satisfy tax withholding obligations. This plan is exempt under Rule 16(b)-3. Includes 4,126 shares of restricted stock which vest on 2/13/2010 and 37,600 shares which vest on 02/10/2012.	
(  3) 	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.	
(  4) 	Represents stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan paid as salary. The stock units will be settled in cash one half on March 31, 2011 and one half on March 31, 2012, unless settled earlier due to the executive's death.	
(  5) 	Granted pursuant to the SunTrust Banks, Inc. 2004 Stock Plan.	
(  6) 	Granted pursuant to the SunTrust Banks, Inc. 2009 Stock Plan. This option was granted on February 10, 2009 subject to approval by shareholders of the 2009 Stock Plan. Such plan was approved by Shareholders on April 28, 2009.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
Freeman Thomas E
303 PEACHTREE STREET
ATLANTA, GA 30308			Corp. EVP & Chief Credit Off.		

Signatures		
David A. Wisniewski, Attorney-in-Fact for Thomas E. Freeman		1/20/2010	
** 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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